Carl Benjamin Brink Acquires 4,500 Shares of Carriage Services, Inc. (CSV) Stock

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Carriage Services, Inc. (NYSE:CSV) CFO Carl Benjamin Brink bought 4,500 shares of the stock in a transaction on Thursday, November 8th. The shares were acquired at an average cost of $16.07 per share, for a total transaction of $72,315.00. Following the completion of the transaction, the chief financial officer now directly owns 20,583 shares of the company’s stock, valued at $330,768.81. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

CSV stock opened at $17.20 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.24 and a quick ratio of 1.01. Carriage Services, Inc. has a 52-week low of $14.57 and a 52-week high of $28.96. The stock has a market cap of $310.47 million, a price-to-earnings ratio of 12.37, a PEG ratio of 0.92 and a beta of 0.55.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.08). Carriage Services had a net margin of 13.91% and a return on equity of 10.80%. The firm had revenue of $64.24 million for the quarter, compared to the consensus estimate of $64.79 million. As a group, equities analysts anticipate that Carriage Services, Inc. will post 1.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 9th. Carriage Services’s dividend payout ratio (DPR) is 21.58%.

Hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in Carriage Services during the second quarter valued at about $241,000. Redmond Asset Management LLC bought a new stake in Carriage Services during the second quarter valued at about $634,000. Martingale Asset Management L P bought a new stake in Carriage Services during the second quarter valued at about $1,317,000. Russell Investments Group Ltd. boosted its holdings in Carriage Services by 1.3% during the second quarter. Russell Investments Group Ltd. now owns 194,711 shares of the company’s stock valued at $4,780,000 after acquiring an additional 2,487 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Carriage Services by 38.0% during the second quarter. Bank of America Corp DE now owns 168,075 shares of the company’s stock valued at $4,125,000 after acquiring an additional 46,264 shares during the period. Institutional investors own 79.19% of the company’s stock.

A number of research firms have issued reports on CSV. ValuEngine cut shares of Carriage Services from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Barrington Research restated an “outperform” rating and set a $24.00 price target (down from $32.00) on shares of Carriage Services in a report on Thursday, November 1st. TheStreet cut shares of Carriage Services from a “b-” rating to a “c+” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research cut shares of Carriage Services from a “hold” rating to a “strong sell” rating in a report on Monday, November 5th.

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About Carriage Services

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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