Carriage Services, Inc. (NYSE:CSV) Shares Bought by Algert Global LLC

Algert Global LLC grew its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 22.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,904 shares of the company’s stock after acquiring an additional 2,517 shares during the period. Algert Global LLC’s holdings in Carriage Services were worth $456,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CSV. Kingsview Wealth Management LLC purchased a new position in Carriage Services in the 3rd quarter valued at approximately $2,151,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Carriage Services by 141.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,379 shares of the company’s stock valued at $866,000 after buying an additional 15,433 shares in the last quarter. Versor Investments LP acquired a new position in shares of Carriage Services during the 3rd quarter worth $259,000. Principal Financial Group Inc. purchased a new stake in shares of Carriage Services in the 3rd quarter worth about $232,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Carriage Services in the 3rd quarter valued at about $4,310,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Insider Buying and Selling at Carriage Services

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

Analyst Ratings Changes

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

Carriage Services Stock Performance

Carriage Services stock opened at $40.55 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. Carriage Services, Inc. has a fifty-two week low of $22.05 and a fifty-two week high of $40.89. The stock has a fifty day moving average of $35.09 and a two-hundred day moving average of $31.41. The company has a market capitalization of $617.29 million, a price-to-earnings ratio of 18.18, a PEG ratio of 1.08 and a beta of 0.91.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share 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 the consensus estimate of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the previous year, the company posted $0.33 EPS. On average, analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.45 annualized dividend and a yield of 1.11%. Carriage Services’s payout ratio is currently 20.18%.

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.