Carriage Services, Inc. (NYSE:CSV) Shares Sold by Algert Global LLC

Algert Global LLC reduced its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,114 shares of the company’s stock after selling 1,790 shares during the period. Algert Global LLC owned approximately 0.08% of Carriage Services worth $483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new stake in shares of Carriage Services during the fourth quarter worth $45,000. R Squared Ltd acquired a new stake in shares of Carriage Services during the fourth quarter worth $65,000. Quantbot Technologies LP lifted its stake 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 worth $199,000 after buying an additional 3,412 shares during the period. Polymer Capital Management US LLC acquired a new stake in shares of Carriage Services during the fourth quarter worth $202,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Carriage Services during the fourth quarter worth $220,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CSV. Roth Mkm reiterated a “buy” rating and set a $51.00 price objective (up from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. Barrington Research restated an “outperform” rating and set a $50.00 target price on shares of Carriage Services in a research report on Thursday, May 1st. Finally, StockNews.com upgraded shares of Carriage Services from a “hold” rating to a “buy” rating in a research report on Sunday.

Carriage Services Trading Up 1.2%

NYSE CSV opened at $41.46 on Monday. The company has a market capitalization of $648.85 million, a PE ratio of 18.59, a P/E/G ratio of 0.97 and a beta of 0.93. The company has a fifty day moving average of $38.73 and a 200 day moving average of $39.33. Carriage Services, Inc. has a 1 year low of $25.84 and a 1 year high of $42.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.16. The company had revenue of $8.47 million during the quarter, compared to the consensus estimate of $104.17 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. Research analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be given a $0.1125 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.09%. Carriage Services’s dividend payout ratio (DPR) is currently 15.05%.

Insiders Place Their Bets

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 transaction, the president now owns 78,897 shares in the company, valued at approximately $3,156,668.97. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 9,000 shares of company stock worth $362,141. Company insiders own 2.60% 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.