Squarepoint Ops LLC Makes New $282,000 Investment in Carriage Services, Inc. (NYSE:CSV)

Squarepoint Ops LLC bought a new stake in Carriage Services, Inc. (NYSE:CSV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,081 shares of the company's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Carriage Services by 14.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company's stock worth $5,975,000 after buying an additional 18,661 shares in the last quarter. Rhumbline Advisers grew its holdings in Carriage Services by 60.8% during the 4th quarter. Rhumbline Advisers now owns 32,226 shares of the company's stock worth $1,284,000 after acquiring an additional 12,180 shares during the last quarter. Two Sigma Advisers LP grew its holdings 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 acquiring an additional 15,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Carriage Services by 16.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 237,228 shares of the company's stock valued at $9,454,000 after purchasing an additional 34,342 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Carriage Services in the fourth quarter valued at approximately $342,000. Institutional investors and hedge funds own 66.46% of the company's stock.

Wall Street Analyst Weigh In

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

Carriage Services Trading Up 1.1%

NYSE:CSV opened at $45.05 on Friday. Carriage Services, Inc. has a twelve month low of $25.84 and a twelve month high of $45.25. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The business has a 50 day moving average price of $40.71 and a two-hundred day moving average price of $40.13. The company has a market cap of $706.95 million, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93.

Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The business had revenue of $8.47 million for the quarter, compared to analysts' expectations of $104.17 million. As a group, analysts expect that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 5th were paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, May 5th. Carriage Services's dividend payout ratio (DPR) is presently 15.05%.

Insider Activity

In other Carriage Services news, President Steven D. Metzger sold 3,508 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $40.09, for a total value of $140,635.72. Following the transaction, the president now owns 81,389 shares of the company's stock, valued at approximately $3,262,885.01. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 9,000 shares of company stock worth $362,141 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

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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