Carriage Services, Inc. (NYSE:CSV) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Carriage Services, Inc. (NYSE:CSV) by 37.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,202 shares of the company’s stock after selling 12,024 shares during the quarter. Rhumbline Advisers owned about 0.13% of Carriage Services worth $783,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CSV. Johnson Financial Group Inc. acquired a new position in shares of Carriage Services during the fourth quarter valued at $45,000. GAMMA Investing LLC boosted its holdings in shares of Carriage Services by 8,246.2% during the first quarter. GAMMA Investing LLC now owns 3,255 shares of the company’s stock valued at $126,000 after acquiring an additional 3,216 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Carriage Services by 217.3% during the fourth quarter. Quantbot Technologies LP now owns 4,982 shares of the company’s stock valued at $199,000 after acquiring an additional 3,412 shares during the period. Polymer Capital Management US LLC acquired a new position in shares of Carriage Services during the fourth quarter valued at $202,000. Finally, Intech Investment Management LLC acquired a new position in shares of Carriage Services during the fourth quarter valued at $220,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Stock Performance

CSV stock opened at $43.80 on Friday. The company has a market capitalization of $687.22 million, a P/E ratio of 14.65, a PEG ratio of 0.94 and a beta of 0.88. The company has a 50-day simple moving average of $42.12 and a 200 day simple moving average of $40.44. Carriage Services, Inc. has a fifty-two week low of $25.84 and a fifty-two week 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.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.16. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. The business had revenue of $8.47 million during the quarter, compared to the consensus estimate of $104.17 million. Sell-side analysts predict that Carriage Services, Inc. will post 2.5 earnings per share 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 issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Monday, May 5th. Carriage Services’s payout ratio is 15.05%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of Carriage Services in a report on Thursday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $51.00 price objective (up previously from $48.00) on shares of Carriage Services in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of Carriage Services from a “hold” rating to a “buy” rating in a report on Sunday, May 11th.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, President Steven D. Metzger sold 2,492 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $40.01, for a total value of $99,704.92. Following the completion of the sale, the president now directly owns 78,897 shares of the company’s stock, valued at approximately $3,156,668.97. This represents a 3.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 9,000 shares of company stock valued at $362,141. 2.60% of the stock is owned by insiders.

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.