Algert Global LLC Has $306,000 Holdings in Carriage Services, Inc. (NYSE:CSV)

Algert Global LLC lowered its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 48.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,387 shares of the company’s stock after selling 10,561 shares during the period. Algert Global LLC owned approximately 0.08% of Carriage Services worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbert Fund Advisors Inc. grew its holdings in Carriage Services by 31.5% during the fourth quarter. Harbert Fund Advisors Inc. now owns 208,497 shares of the company’s stock worth $5,215,000 after buying an additional 50,000 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Carriage Services during the fourth quarter valued at about $154,000. Sanders Morris Harris LLC purchased a new position in Carriage Services during the first quarter worth about $454,000. BNP Paribas Financial Markets boosted its holdings in Carriage Services by 741.8% during the first quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock worth $2,376,000 after purchasing an additional 77,439 shares during the last quarter. Finally, Mendel Money Management grew its position in Carriage Services by 187.5% in the 1st quarter. Mendel Money Management now owns 60,034 shares of the company’s stock worth $1,623,000 after purchasing an additional 128,648 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and issued a $40.00 target price (up previously from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd.

Carriage Services Price Performance

CSV opened at $30.68 on Wednesday. The firm has a market cap of $465.26 million, a P/E ratio of 15.11, a PEG ratio of 0.94 and a beta of 0.94. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.69 and a current ratio of 0.85. Carriage Services, Inc. has a fifty-two week low of $18.06 and a fifty-two week high of $35.00. The firm has a 50-day moving average of $31.95 and a 200 day moving average of $28.66.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.10. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. The company had revenue of $102.32 million during the quarter, compared to analyst estimates of $94.40 million. On average, research analysts expect that Carriage Services, Inc. will post 2.34 EPS for the current year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 5th were issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, August 5th. Carriage Services’s dividend payout ratio (DPR) is currently 22.17%.

Insider Activity at Carriage Services

In other Carriage Services news, CEO Carlos R. Quezada bought 2,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $29.44 per share, for a total transaction of $58,880.00. Following the completion of the transaction, the chief executive officer now directly owns 60,061 shares of the company’s stock, valued at $1,768,195.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Carriage Services news, CEO Carlos R. Quezada purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $29.44 per share, for a total transaction of $58,880.00. Following the purchase, the chief executive officer now owns 60,061 shares of the company’s stock, valued at $1,768,195.84. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shawn R. Phillips sold 7,101 shares of Carriage Services stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the transaction, the vice president now owns 90,700 shares of the company’s stock, valued at $2,721,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.10% of the stock is currently owned by company insiders.

About Carriage Services

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.