19,203 Shares in Carriage Services, Inc. $CSV Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC acquired 19,203 shares of Carriage Services, valued at approximately $878,000, marking its ownership at about 0.12%.
• Carriage Services announced a quarterly dividend of $0.1125 per share, representing a 1.0% yield and a payout ratio of 13.51%.
• The company reported $0.74 earnings per share for the last quarter, surpassing the consensus estimate of $0.72, with revenue reaching $102.15 million.

Inspire Investing LLC acquired a new stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,203 shares of the company's stock, valued at approximately $878,000. Inspire Investing LLC owned about 0.12% of Carriage Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new stake in shares of Carriage Services in the first quarter valued at approximately $48,000. MQS Management LLC purchased a new position in Carriage Services in the 1st quarter valued at approximately $621,000. LSV Asset Management grew its stake in Carriage Services by 9.7% in the 1st quarter. LSV Asset Management now owns 648,417 shares of the company's stock valued at $25,126,000 after buying an additional 57,500 shares in the last quarter. LPL Financial LLC raised its holdings in Carriage Services by 120.2% during the 1st quarter. LPL Financial LLC now owns 135,893 shares of the company's stock valued at $5,266,000 after acquiring an additional 74,193 shares during the period. Finally, Maven Securities LTD purchased a new stake in shares of Carriage Services during the first quarter worth $1,484,000. Institutional investors own 66.46% of the company's stock.

Insider Buying and Selling

In other Carriage Services news, VP Shane Pudenz sold 13,027 shares of Carriage Services stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $44.36, for a total value of $577,877.72. Following the transaction, the vice president directly owned 14,930 shares of the company's stock, valued at $662,294.80. The trade was a 46.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

Carriage Services Price Performance

CSV stock opened at $44.06 on Monday. The firm has a market cap of $691.65 million, a P/E ratio of 13.23, a P/E/G ratio of 0.89 and a beta of 0.86. The firm's fifty day moving average is $44.89 and its 200 day moving average is $43.47. Carriage Services, Inc. has a 52 week low of $30.45 and a 52 week high of $49.41. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06.

Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. The business had revenue of $102.15 million during the quarter, compared to the consensus estimate of $101.36 million. Research analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, August 4th. Carriage Services's dividend payout ratio (DPR) is presently 13.51%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CSV shares. Barrington Research reiterated an "outperform" rating and issued a $60.00 price target on shares of Carriage Services in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Carriage Services in a report on Wednesday, October 8th. Zacks Research downgraded shares of Carriage Services from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. B. Riley restated a "buy" rating and issued a $65.00 price objective (up from $52.00) on shares of Carriage Services in a research report on Friday, August 8th. Finally, Raymond James Financial started coverage on shares of Carriage Services in a research note on Wednesday, October 1st. They set an "outperform" rating and a $60.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

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.

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