SG Americas Securities LLC Invests $207,000 in Carriage Services, Inc. (NYSE:CSV)

SG Americas Securities LLC acquired a new position in Carriage Services, Inc. (NYSE:CSV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,306 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in Carriage Services by 201.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock worth $6,166,000 after buying an additional 153,538 shares in the last quarter. Mendel Money Management increased its stake 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 buying an additional 128,648 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Carriage Services by 741.8% in the 1st quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock worth $2,376,000 after buying an additional 77,439 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Carriage Services in the 1st quarter worth $1,517,000. Finally, Renaissance Technologies LLC increased its stake in Carriage Services by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock worth $16,547,000 after buying an additional 46,700 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Stock Down 0.4 %

CSV opened at $31.95 on Wednesday. The firm has a 50-day simple moving average of $32.13 and a two-hundred day simple moving average of $28.98. Carriage Services, Inc. has a 52 week low of $18.06 and a 52 week high of $35.00. The company has a market capitalization of $484.52 million, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.63 EPS for the quarter, beating 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 business had revenue of $102.32 million during the quarter, compared to the consensus estimate of $94.40 million. Analysts forecast that Carriage Services, Inc. will post 2.34 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, November 4th. Carriage Services’s dividend payout ratio (DPR) is presently 22.17%.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, VP Shawn R. Phillips sold 5,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $29.73, for a total transaction of $148,650.00. Following the completion of the transaction, the vice president now owns 97,801 shares of the company’s stock, valued at $2,907,623.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Carriage Services news, CEO Carlos R. Quezada purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $29.44 per share, with a total value of $58,880.00. Following the acquisition, the chief executive officer now owns 60,061 shares in the company, valued at approximately $1,768,195.84. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shawn R. Phillips sold 5,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $29.73, for a total transaction of $148,650.00. Following the completion of the transaction, the vice president now directly owns 97,801 shares of the company’s stock, valued at approximately $2,907,623.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.