JB Capital Partners LP Takes $2.71 Million Position in Carriage Services, Inc. $CSV

JB Capital Partners LP bought a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 71,007 shares of the company's stock, valued at approximately $2,714,598. JB Capital Partners LP owned 0.45% of Carriage Services at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSV. Caitong International Asset Management Co. Ltd bought a new stake in Carriage Services in the third quarter valued at about $29,000. PNC Financial Services Group Inc. raised its holdings in shares of Carriage Services by 50.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company's stock valued at $36,000 after purchasing an additional 264 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock worth $36,000 after buying an additional 868 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of Carriage Services by 2,195.1% in the first quarter. Optiver Holding B.V. now owns 941 shares of the company's stock worth $43,000 after purchasing an additional 900 shares during the last quarter. Finally, Quarry LP purchased a new stake in Carriage Services during the 3rd quarter worth about $51,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Stock Performance

NYSE:CSV traded down $0.22 during midday trading on Friday, reaching $34.04. 31,046 shares of the company traded hands, compared to its average volume of 119,255. The company has a fifty day moving average price of $37.53 and a 200 day moving average price of $41.82. The firm has a market capitalization of $540.21 million, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.69 and a beta of 0.84. Carriage Services, Inc. has a twelve month low of $33.33 and a twelve month high of $52.10. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29.

Carriage Services (NYSE:CSV - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. The firm had revenue of $102.95 million during the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, analysts expect that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services's dividend payout ratio (DPR) is 16.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSV. Weiss Ratings lowered shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. Roth Capital set a $46.00 price target on Carriage Services in a research note on Friday, August 7th. Zacks Research lowered shares of Carriage Services from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research note on Friday, August 7th. Finally, Oppenheimer began coverage on shares of Carriage Services in a research note on Thursday, August 13th. They set an "outperform" rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Carriage Services currently has a consensus rating of "Hold" and an average price target of $51.00.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.