Insider Buying: Carriage Services, Inc. (NYSE:CSV) COO Buys $56,895.00 in Stock

Carriage Services, Inc. (NYSE:CSVGet Rating) COO Carlos R. Quezada bought 1,500 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were acquired at an average cost of $37.93 per share, with a total value of $56,895.00. Following the purchase, the chief operating officer now directly owns 6,967 shares of the company’s stock, valued at approximately $264,258.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Carriage Services stock opened at $39.16 on Thursday. The company’s fifty day simple moving average is $47.66 and its 200-day simple moving average is $51.75. The stock has a market capitalization of $583.05 million, a PE ratio of 18.21, a P/E/G ratio of 0.71 and a beta of 1.13. Carriage Services, Inc. has a 1-year low of $34.10 and a 1-year high of $66.33. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.80 and a quick ratio of 0.64.

Carriage Services (NYSE:CSVGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. Carriage Services had a net margin of 9.71% and a return on equity of 33.07%. During the same quarter in the previous year, the firm posted $0.81 EPS. As a group, research analysts anticipate that Carriage Services, Inc. will post 3.6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 9th will be paid a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, May 6th. Carriage Services’s dividend payout ratio (DPR) is 20.93%.

Several equities research analysts recently weighed in on CSV shares. Zacks Investment Research raised shares of Carriage Services from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Friday, April 29th. Barrington Research raised their target price on shares of Carriage Services from $60.00 to $65.00 in a report on Thursday, February 24th. Finally, started coverage on shares of Carriage Services in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $66.40.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSV. Bank of The West bought a new stake in Carriage Services in the 4th quarter valued at $200,000. Caxton Associates LP bought a new stake in Carriage Services in the 3rd quarter valued at $788,000. Martingale Asset Management L P increased its holdings in Carriage Services by 65.9% in the 3rd quarter. Martingale Asset Management L P now owns 38,030 shares of the company’s stock valued at $1,697,000 after acquiring an additional 15,100 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Carriage Services in the 4th quarter valued at $75,000. Finally, Tudor Investment Corp Et Al bought a new stake in Carriage Services in the 3rd quarter valued at $221,000. Institutional investors own 78.69% of the company’s stock.

About Carriage Services (Get Rating)

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment engages in the provision of consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of burial and cremation services, and related merchandise, such as caskets and urns.

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Insider Buying and Selling by Quarter for Carriage Services (NYSE:CSV)

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