9,140 Shares in Carriage Services, Inc. $CSV Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 9,140 shares of Carriage Services, Inc., valued at approximately $418,000, during the second quarter, bringing their total ownership to about 0.06% of the company.
• Carriage Services recently declared a quarterly dividend of $0.1125 per share, yielding 1.0%, while the company's dividend payout ratio is currently 13.51%.
• The company's stock has fluctuated significantly, with a 52-week low of $30.15 and a high of $49.41, and analysts generally maintain a "Buy" rating with a consensus price target of $58.67.

Counterpoint Mutual Funds LLC acquired a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,140 shares of the company's stock, valued at approximately $418,000. Counterpoint Mutual Funds LLC owned about 0.06% of Carriage Services at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Longboard Asset Management LP purchased a new position in shares of Carriage Services in the second quarter valued at approximately $239,000. Voya Investment Management LLC raised its stake in Carriage Services by 33.5% in the 1st quarter. Voya Investment Management LLC now owns 14,599 shares of the company's stock valued at $566,000 after purchasing an additional 3,665 shares during the last quarter. Jane Street Group LLC purchased a new position in Carriage Services in the 1st quarter valued at $689,000. Jones Financial Companies Lllp boosted its stake in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock worth $36,000 after purchasing an additional 868 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of Carriage Services during the first quarter worth $3,546,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Carriage Services Trading Down 1.0%

Shares of Carriage Services stock opened at $44.87 on Wednesday. The stock has a 50 day moving average of $44.96 and a 200 day moving average of $42.78. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a market capitalization of $704.46 million, a price-to-earnings ratio of 13.47, a PEG ratio of 0.93 and a beta of 0.86. Carriage Services, Inc. has a fifty-two week low of $30.15 and a fifty-two week high of $49.41.

Carriage Services (NYSE:CSV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $102.15 million for the quarter, compared to analyst estimates of $101.36 million. Carriage Services had a return on equity of 21.63% and a net margin of 12.85%. As a group, 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. Shareholders of record on Monday, August 4th were given a dividend of $0.1125 per share. The ex-dividend date was Monday, August 4th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. Carriage Services's dividend payout ratio (DPR) is currently 13.51%.

Wall Street Analyst Weigh In

CSV has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Carriage Services from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Barrington Research restated an "outperform" rating and set a $60.00 target price on shares of Carriage Services in a report on Wednesday, September 10th. B. Riley reaffirmed a "buy" rating and issued a $65.00 price target (up previously from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Finally, Zacks Research raised Carriage Services to a "strong-buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $58.67.

Carriage Services Company Profile

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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