JB Capital Partners LP bought a new stake in shares of Carriage Services, Inc. (NYSE:CSV – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 71,007 shares of the company’s stock, valued at approximately $2,714,598,000.
Several other hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Carriage Services in the third quarter worth about $29,000. PNC Financial Services Group Inc. lifted its position in shares of Carriage Services by 50.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after buying an additional 264 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after buying an additional 868 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of Carriage Services by 2,195.1% during the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock valued at $43,000 after acquiring an additional 900 shares during the period. Finally, Quarry LP bought a new position in shares of Carriage Services during the 3rd quarter valued at approximately $51,000. Institutional investors own 66.46% of the company’s stock.
Carriage Services Stock Performance
NYSE CSV opened at $34.54 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. Carriage Services, Inc. has a twelve month low of $33.33 and a twelve month high of $52.10. The business has a 50-day moving average price of $37.83 and a 200-day moving average price of $42.08. The firm has a market cap of $548.15 million, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.68 and a beta of 0.84.
Carriage Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is 16.13%.
Analyst Upgrades and Downgrades
A number of research firms have commented on CSV. Oppenheimer assumed coverage on shares of Carriage Services in a research note on Thursday, August 13th. They set an “outperform” rating and a $48.00 target price on the stock. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research report on Friday, August 7th. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Zacks Research downgraded shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.
Check Out Our Latest Stock Analysis on CSV
Carriage Services Profile
Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.
In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.
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