Point72 DIFC Ltd Has $50,000 Position in Carriage Services, Inc. (NYSE:CSV)

Point72 DIFC Ltd boosted its holdings in Carriage Services, Inc. (NYSE:CSV) by 613.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,861 shares of the company’s stock after buying an additional 1,600 shares during the quarter. Point72 DIFC Ltd’s holdings in Carriage Services were worth $50,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Carriage Services by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company’s stock valued at $284,000 after acquiring an additional 746 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Carriage Services in the first quarter valued at $27,000. nVerses Capital LLC increased its holdings in Carriage Services by 550.0% in the second quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock valued at $35,000 after purchasing an additional 1,100 shares during the period. Marshall Wace LLP raised its position in Carriage Services by 3.0% during the 2nd quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock worth $1,031,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new position in Carriage Services during the 4th quarter worth about $38,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and set a $40.00 price objective (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Carriage Services Trading Down 0.3 %

CSV opened at $32.82 on Friday. Carriage Services, Inc. has a twelve month low of $18.06 and a twelve month high of $35.00. The company has a fifty day moving average of $31.84 and a 200-day moving average of $28.36. The stock has a market cap of $497.72 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. The firm had revenue of $102.32 million during the quarter, compared to the consensus estimate of $94.40 million. Carriage Services had a return on equity of 21.99% and a net margin of 7.47%. On average, sell-side analysts predict that Carriage Services, Inc. will post 2.34 EPS for the current year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 5th were issued a $0.1125 dividend. The ex-dividend date was Monday, August 5th. This represents a $0.45 dividend on an annualized basis and a yield of 1.37%. Carriage Services’s payout ratio is currently 22.17%.

Insider Buying and Selling at Carriage Services

In related news, CEO Carlos R. Quezada acquired 2,000 shares of Carriage Services stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $29.44 per share, with a total value of $58,880.00. Following the transaction, the chief executive officer now directly owns 60,061 shares in the company, valued at approximately $1,768,195.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Shawn R. Phillips sold 5,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $29.73, for a total transaction of $148,650.00. Following the transaction, the vice president now owns 97,801 shares of the company’s stock, valued at approximately $2,907,623.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carlos R. Quezada bought 2,000 shares of Carriage Services stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $29.44 per share, with a total value of $58,880.00. Following the completion of the purchase, the chief executive officer now owns 60,061 shares in the company, valued at $1,768,195.84. The disclosure for this purchase can be found here. Insiders own 12.10% of the company’s stock.

Carriage Services 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.