Shane Pudenz Sells 1,443 Shares of Carriage Services, Inc. (NYSE:CSV) Stock

Carriage Services, Inc. (NYSE:CSV) SVP Shane Pudenz sold 1,443 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $27.30, for a total transaction of $39,393.90. Following the transaction, the senior vice president now owns 13,460 shares of the company’s stock, valued at $367,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carriage Services Price Performance

Shares of NYSE CSV opened at $26.84 on Friday. The stock has a market capitalization of $406.89 million, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. Carriage Services, Inc. has a 52 week low of $18.06 and a 52 week high of $35.59. The firm has a 50-day simple moving average of $26.74 and a 200-day simple moving average of $25.61. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.24.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. The company had revenue of $103.49 million during the quarter, compared to the consensus estimate of $98.17 million. Carriage Services had a net margin of 8.08% and a return on equity of 22.04%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities analysts predict that Carriage Services, Inc. will post 2.26 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, May 3rd. Carriage Services’s dividend payout ratio (DPR) is currently 22.17%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CSV shares. StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Roth Mkm reissued a “buy” rating and set a $32.00 target price on shares of Carriage Services in a report on Wednesday, June 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $38.00 price target on shares of Carriage Services in a research report on Tuesday, May 28th.

Institutional Trading of Carriage Services

Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Carriage Services by 7.7% during 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 last quarter. Tower Research Capital LLC TRC grew its stake in shares of Carriage Services by 32.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the company’s stock valued at $92,000 after buying an additional 897 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of Carriage Services during the 1st quarter worth approximately $27,000. Values First Advisors Inc. raised its position in shares of Carriage Services by 7.4% during the 4th quarter. Values First Advisors Inc. now owns 17,096 shares of the company’s stock valued at $428,000 after buying an additional 1,185 shares during the period. Finally, Parallel Advisors LLC acquired a new position in Carriage Services in the fourth quarter valued at approximately $38,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

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.