MQS Management LLC Makes New Investment in Carriage Services, Inc. (NYSE:CSV)

MQS Management LLC purchased a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,017 shares of the company's stock, valued at approximately $621,000. MQS Management LLC owned approximately 0.10% of Carriage Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC grew its position in Carriage Services by 12.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 30,646 shares of the company's stock worth $1,188,000 after acquiring an additional 3,289 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Carriage Services by 42.7% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 81,365 shares of the company's stock worth $3,153,000 after acquiring an additional 24,345 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Carriage Services in the first quarter worth about $48,000. Allspring Global Investments Holdings LLC boosted its position in shares of Carriage Services by 12.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 168,079 shares of the company's stock valued at $6,513,000 after buying an additional 18,130 shares during the period. Finally, BayBridge Capital Group LLC bought a new position in Carriage Services in the first quarter worth approximately $307,000. Hedge funds and other institutional investors own 66.46% of the company's stock.

Insider Activity at Carriage Services

In other news, President Steven D. Metzger sold 3,508 shares of Carriage Services stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $40.09, for a total value of $140,635.72. Following the completion of the transaction, the president directly owned 81,389 shares of the company's stock, valued at approximately $3,262,885.01. The trade was a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 9,348 shares of company stock valued at $378,420. Insiders own 2.60% of the company's stock.

Carriage Services Trading Down 1.0%

NYSE CSV opened at $46.36 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.80 and a current ratio of 0.95. The firm has a market cap of $727.31 million, a PE ratio of 15.50, a P/E/G ratio of 0.98 and a beta of 0.89. Carriage Services, Inc. has a one year low of $27.76 and a one year high of $47.48. The firm's fifty day moving average is $44.06 and its two-hundred day moving average is $41.04.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.80 by $0.16. The firm had revenue of $8.47 million during the quarter, compared to analyst estimates of $104.17 million. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. Analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, May 5th. Carriage Services's dividend payout ratio is currently 15.05%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Carriage Services from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Barrington Research reiterated an "outperform" rating and issued a $50.00 price objective on shares of Carriage Services in a report on Thursday, May 1st. Finally, Roth Mkm reaffirmed a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd.

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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