LSV Asset Management decreased its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 9.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 617,424 shares of the company’s stock after selling 63,952 shares during the quarter. LSV Asset Management owned about 3.22% of Carriage Services worth $13,305,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CSV. BlackRock Inc. raised its holdings in shares of Carriage Services by 4.8% during the 2nd quarter. BlackRock Inc. now owns 1,355,497 shares of the company’s stock worth $33,278,000 after buying an additional 62,099 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Carriage Services by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,150,700 shares of the company’s stock worth $28,250,000 after purchasing an additional 134,800 shares in the last quarter. Fenimore Asset Management Inc. increased its holdings in Carriage Services by 28.9% in the 3rd quarter. Fenimore Asset Management Inc. now owns 463,187 shares of the company’s stock worth $9,982,000 after purchasing an additional 103,897 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Carriage Services by 13.0% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 315,993 shares of the company’s stock worth $7,758,000 after purchasing an additional 36,253 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Carriage Services by 7.5% in the 2nd quarter. Northern Trust Corp now owns 198,972 shares of the company’s stock worth $4,884,000 after purchasing an additional 13,927 shares in the last quarter. 79.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:CSV opened at $16.46 on Friday. The company has a market capitalization of $316.56 million, a price-to-earnings ratio of 11.83, a PEG ratio of 0.94 and a beta of 0.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.01 and a current ratio of 1.24. Carriage Services, Inc. has a 52-week low of $14.57 and a 52-week high of $28.96.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, November 9th. Carriage Services’s dividend payout ratio (DPR) is presently 21.58%.
In other Carriage Services news, Director Barry K. Fingerhut purchased 1,700 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average cost of $16.80 per share, with a total value of $28,560.00. Following the completion of the transaction, the director now owns 5,942 shares of the company’s stock, valued at approximately $99,825.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn R. Phillips sold 6,500 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $21.65, for a total value of $140,725.00. Following the sale, the insider now directly owns 106,946 shares of the company’s stock, valued at $2,315,380.90. The disclosure for this sale can be found here. Over the last three months, insiders bought 146,851 shares of company stock valued at $2,392,102. Company insiders own 13.60% of the company’s stock.
CSV has been the topic of a number of analyst reports. TheStreet lowered Carriage Services from a “b-” rating to a “c+” rating in a research report on Thursday, August 30th. ValuEngine lowered Carriage Services from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Zacks Investment Research lowered Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Monday, November 5th. Finally, Barrington Research restated an “outperform” rating and set a $24.00 target price (down previously from $32.00) on shares of Carriage Services in a research report on Thursday, November 1st.
Carriage Services Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
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