Sanctuary Advisors LLC Acquires Shares of 27,899 Carriage Services, Inc. (NYSE:CSV)

Sanctuary Advisors LLC acquired a new stake in Carriage Services, Inc. (NYSE:CSV) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 27,899 shares of the company’s stock, valued at approximately $1,159,000. Sanctuary Advisors LLC owned approximately 0.18% of Carriage Services at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Values First Advisors Inc. raised its holdings in shares of Carriage Services by 1.6% during the 4th quarter. Values First Advisors Inc. now owns 17,498 shares of the company’s stock worth $697,000 after buying an additional 270 shares in the last quarter. FMR LLC raised its holdings in shares of Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after buying an additional 271 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Carriage Services by 8.8% during the 4th quarter. Principal Financial Group Inc. now owns 7,700 shares of the company’s stock worth $307,000 after buying an additional 624 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Carriage Services by 17.3% during the 3rd quarter. XTX Topco Ltd now owns 9,064 shares of the company’s stock worth $298,000 after buying an additional 1,337 shares in the last quarter. Finally, EMC Capital Management raised its holdings in shares of Carriage Services by 29.5% during the 4th quarter. EMC Capital Management now owns 6,227 shares of the company’s stock worth $248,000 after buying an additional 1,419 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Price Performance

Shares of CSV opened at $40.87 on Wednesday. Carriage Services, Inc. has a 12-month low of $23.20 and a 12-month high of $42.75. The business has a 50-day simple moving average of $40.32 and a two-hundred day simple moving average of $36.76. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The stock has a market cap of $622.22 million, a PE ratio of 18.33, a PEG ratio of 0.97 and a beta of 0.92.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be issued a $0.1125 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.10%. Carriage Services’s payout ratio is presently 20.18%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of Carriage Services in a report on Monday, February 10th.

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.