Quantbot Technologies LP Sells 2,026 Shares of Carriage Services, Inc. (NYSE:CSV)

Quantbot Technologies LP lowered its position in Carriage Services, Inc. (NYSE:CSV) by 56.3% during the 3rd quarter, Holdings Channel reports. The fund owned 1,570 shares of the company’s stock after selling 2,026 shares during the period. Quantbot Technologies LP’s holdings in Carriage Services were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CSV. nVerses Capital LLC lifted its holdings in shares of Carriage Services by 550.0% in the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after purchasing an additional 1,100 shares in the last quarter. Point72 DIFC Ltd lifted its stake in shares of Carriage Services by 613.0% in the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock valued at $50,000 after buying an additional 1,600 shares in the last quarter. Perritt Capital Management Inc grew its holdings in shares of Carriage Services by 5,001.0% during the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company’s stock valued at $137,000 after buying an additional 5,001 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Carriage Services during the third quarter worth about $207,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Carriage Services in the 3rd quarter worth about $232,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Insider Buying and Selling

In other Carriage Services news, VP Paul Donald Elliott sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the sale, the vice president now directly owns 34,166 shares of the company’s stock, valued at $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.10% of the stock is currently owned by insiders.

Carriage Services Stock Performance

Shares of CSV stock opened at $39.75 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The firm has a 50-day moving average of $35.82 and a 200-day moving average of $31.91. Carriage Services, Inc. has a one year low of $22.84 and a one year high of $40.91. The company has a market cap of $605.00 million, a P/E ratio of 17.83, a P/E/G ratio of 1.08 and a beta of 0.93.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.19. The firm had revenue of $100.69 million during the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same period last year, the firm posted $0.33 EPS. Equities research analysts forecast that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.1125 per share. The ex-dividend date was Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.13%. Carriage Services’s payout ratio is currently 20.18%.

Wall Street Analyst Weigh In

Separately, Barrington Research boosted their price objective on Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st.

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.