BayBridge Capital Group LLC Makes New Investment in Carriage Services, Inc. (NYSE:CSV)

BayBridge Capital Group LLC purchased a new stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 7,935 shares of the company's stock, valued at approximately $307,000. BayBridge Capital Group LLC owned about 0.05% of Carriage Services at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC increased its holdings in Carriage Services by 172.7% in the 1st quarter. SG Americas Securities LLC now owns 21,934 shares of the company's stock worth $850,000 after purchasing an additional 13,892 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Carriage Services by 8,246.2% during the first quarter. GAMMA Investing LLC now owns 3,255 shares of the company's stock worth $126,000 after purchasing an additional 3,216 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Carriage Services in the 4th quarter valued at approximately $3,566,000. Squarepoint Ops LLC acquired a new stake in Carriage Services during the 4th quarter worth approximately $282,000. Finally, Two Sigma Advisers LP boosted its position in Carriage Services by 15.0% during the 4th quarter. Two Sigma Advisers LP now owns 115,100 shares of the company's stock worth $4,587,000 after buying an additional 15,000 shares during the period. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CSV. Roth Mkm restated a "buy" rating and issued a $51.00 price target (up from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd. Barrington Research restated an "outperform" rating and issued a $50.00 price objective on shares of Carriage Services in a report on Thursday, May 1st. Finally, Wall Street Zen raised Carriage Services from a "hold" rating to a "buy" rating in a report on Sunday, May 11th.

Carriage Services Trading Up 1.2%

NYSE:CSV traded up $0.55 on Wednesday, reaching $44.37. 103,828 shares of the stock traded hands, compared to its average volume of 122,090. The firm has a market capitalization of $696.12 million, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.88. The company's 50 day moving average is $41.70 and its 200-day moving average is $40.37. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 2.35. Carriage Services, Inc. has a 1-year low of $25.84 and a 1-year high of $46.15.

Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. Equities research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were given a dividend of $0.1125 per share. The ex-dividend date was Monday, May 5th. This represents a $0.45 dividend on an annualized basis and a yield of 1.01%. Carriage Services's dividend payout ratio (DPR) is currently 15.05%.

Insiders Place Their Bets

In other Carriage Services news, President Steven D. Metzger sold 2,492 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $40.01, for a total value of $99,704.92. Following the transaction, the president now directly owns 78,897 shares of the company's stock, valued at approximately $3,156,668.97. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 9,000 shares of company stock worth $362,141. Company insiders own 2.60% of the company's stock.

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.