SG Americas Securities LLC Has $850,000 Position in Carriage Services, Inc. (NYSE:CSV)

SG Americas Securities LLC boosted its holdings in Carriage Services, Inc. (NYSE:CSV) by 172.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,934 shares of the company’s stock after acquiring an additional 13,892 shares during the period. SG Americas Securities LLC owned 0.14% of Carriage Services worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CSV. Johnson Financial Group Inc. acquired a new position in shares of Carriage Services in the fourth quarter valued at approximately $45,000. GAMMA Investing LLC boosted its stake in Carriage Services by 8,246.2% in the 1st quarter. GAMMA Investing LLC now owns 3,255 shares of the company’s stock valued at $126,000 after purchasing an additional 3,216 shares during the period. Quantbot Technologies LP grew its holdings in Carriage Services by 217.3% in the 4th quarter. Quantbot Technologies LP now owns 4,982 shares of the company’s stock valued at $199,000 after buying an additional 3,412 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in Carriage Services in the 4th quarter valued at $202,000. Finally, Intech Investment Management LLC bought a new position in Carriage Services during the 4th quarter worth $220,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Insider Activity

In other Carriage Services news, President Steven D. Metzger sold 3,508 shares of Carriage Services stock in a transaction that occurred 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 completion of the sale, the president now directly owns 81,389 shares in the company, valued at approximately $3,262,885.01. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 9,000 shares of company stock valued at $362,141. 2.60% of the stock is currently owned by insiders.

Carriage Services Trading Up 1.2%

Shares of CSV stock opened at $44.37 on Friday. The stock’s fifty day simple moving average is $42.00 and its 200 day simple moving average is $40.42. Carriage Services, Inc. has a twelve month low of $25.84 and a twelve month high of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $696.12 million, a P/E ratio of 14.84, a P/E/G ratio of 0.94 and a beta of 0.88.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.16. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. The company had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. As a group, sell-side analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 5th were given a $0.1125 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.01%. Carriage Services’s dividend payout ratio (DPR) is currently 15.05%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSV. Wall Street Zen upgraded shares of Carriage Services from a “hold” rating to a “buy” rating in a research report on Sunday, May 11th. Roth Mkm reissued a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd. Finally, Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of Carriage Services in a research note on Thursday, May 1st.

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.