GSA Capital Partners LLP Sells 65,353 Shares of Carriage Services, Inc. (NYSE:CSV)

GSA Capital Partners LLP trimmed its stake in Carriage Services, Inc. (NYSE:CSV) by 86.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,114 shares of the company’s stock after selling 65,353 shares during the period. GSA Capital Partners LLP owned 0.07% of Carriage Services worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Carriage Services by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock valued at $16,547,000 after buying an additional 46,700 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Carriage Services by 201.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock worth $6,166,000 after purchasing an additional 153,538 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Carriage Services by 10.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 141,262 shares of the company’s stock worth $3,791,000 after purchasing an additional 13,598 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carriage Services during the 3rd quarter worth approximately $4,310,000. Finally, Deerfield Management Company L.P. Series C grew its holdings in shares of Carriage Services by 198.0% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 53,584 shares of the company’s stock worth $1,438,000 after purchasing an additional 35,605 shares in the last quarter. 66.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barrington Research lifted their price objective on Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Roth Mkm restated a “buy” rating and set a $40.00 target price (up previously from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the sale, the vice president now owns 34,166 shares in the company, valued at $1,290,791.48. The trade was a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.10% of the company’s stock.

Carriage Services Price Performance

Carriage Services stock opened at $39.19 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The company has a market capitalization of $596.59 million, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91. Carriage Services, Inc. has a one year low of $22.05 and a one year high of $40.47. The business has a 50 day simple moving average of $34.24 and a 200 day simple moving average of $30.81.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.19. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The firm had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. During the same quarter in the previous year, the company posted $0.33 EPS. On average, sell-side analysts forecast that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.1125 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.45 annualized dividend and a yield of 1.15%. Carriage Services’s payout ratio is 20.18%.

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.