Insider Buying: Carriage Services, Inc. (NYSE:CSV) CEO Purchases 2,000 Shares of Stock

Carriage Services, Inc. (NYSE:CSV) CEO Carlos R. Quezada bought 2,000 shares of Carriage Services stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $29.44 per share, for a total transaction of $58,880.00. Following the completion of the acquisition, the chief executive officer now owns 60,061 shares in the company, valued at $1,768,195.84. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Carriage Services Price Performance

Shares of CSV stock traded down $0.51 on Wednesday, reaching $28.89. 78,391 shares of the company were exchanged, compared to its average volume of 112,316. The company has a market cap of $438.12 million, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.92 and a beta of 0.92. The business has a 50-day moving average price of $28.44 and a 200 day moving average price of $26.49. 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, Inc. has a 1 year low of $18.06 and a 1 year high of $35.00.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.56%. Carriage Services’s dividend payout ratio is currently 22.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective (up previously from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Carriage Services in a report on Tuesday, May 28th.

Institutional Trading of Carriage Services

Institutional investors and hedge funds have recently modified their holdings of the stock. FinTrust Capital Advisors LLC acquired a new position in Carriage Services during the first quarter worth about $27,000. nVerses Capital LLC boosted its position in Carriage Services by 550.0% during the second quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after acquiring an additional 1,100 shares during the last quarter. Parallel Advisors LLC acquired a new position in Carriage Services during the fourth quarter worth about $38,000. Creekmur Asset Management LLC acquired a new position in Carriage Services during the fourth quarter worth about $154,000. Finally, EMC Capital Management acquired a new position in Carriage Services during the first quarter worth about $168,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

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.