Shane Pudenz Sells 1,443 Shares of Carriage Services, Inc. (NYSE:CSV) Stock

Carriage Services, Inc. (NYSE:CSV) SVP Shane Pudenz sold 1,443 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $27.30, for a total transaction of $39,393.90. Following the sale, the senior vice president now directly owns 13,460 shares in the company, valued at $367,458. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Carriage Services Stock Down 0.6 %

Shares of Carriage Services stock traded down $0.16 during trading hours on Thursday, reaching $26.74. The company’s stock had a trading volume of 97,544 shares, compared to its average volume of 108,450. The company has a market capitalization of $405.38 million, a P/E ratio of 13.25, a P/E/G ratio of 0.80 and a beta of 0.92. The stock’s fifty day simple moving average is $26.61 and its two-hundred day simple moving average is $25.58. Carriage Services, Inc. has a one year low of $18.06 and a one year high of $35.59. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.57 and a current ratio of 0.72.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.16. The business had revenue of $103.49 million for the quarter, compared to analysts’ expectations of $98.17 million. Carriage Services had a net margin of 8.08% and a return on equity of 22.04%. During the same quarter last year, the firm earned $0.56 EPS. On average, research analysts forecast that Carriage Services, Inc. will post 2.26 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 6th were issued a dividend of $0.1125 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.45 annualized dividend and a yield of 1.68%. Carriage Services’s dividend payout ratio (DPR) is currently 22.17%.

Hedge Funds Weigh In On Carriage Services

Several large investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC purchased a new position in shares of Carriage Services in the 1st quarter worth approximately $27,000. Parallel Advisors LLC purchased a new position in Carriage Services in the fourth quarter valued at about $38,000. Tower Research Capital LLC TRC grew its position in shares of Carriage Services by 32.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the company’s stock valued at $92,000 after acquiring an additional 897 shares during the period. Creekmur Asset Management LLC purchased a new stake in shares of Carriage Services during the 4th quarter worth approximately $154,000. Finally, EMC Capital Management purchased a new position in Carriage Services in the first quarter valued at approximately $168,000. 66.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSV. Roth Mkm restated a “buy” rating and set a $32.00 price objective on shares of Carriage Services in a research report on Wednesday, June 5th. StockNews.com cut shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $38.00 price target on shares of Carriage Services in a research report on Tuesday, May 28th.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.