Carl Benjamin Brink, who serves as the chief financial officer for the company, purchased 4,000 shares of Carriage Services, Inc. (NYSE: CSV) stock on December 14. Brink is the person responsible for the company’s financial operations. The total cost of purchasing the stock came out to be $103,400.00, which works out to a price of $25.85 per share on average. Following the transaction, the chief financial officer will have a total of 32,114 shares of the company, each of which is currently estimated to be worth approximately $830,146.90. On the Securities and Exchange Commission (SEC) website, you can now view the information submitted to the SEC regarding the acquisition. This information relates to the acquisition.
On Wednesday, October 26, the most recent quarterly earnings report for Carriage Services (NYSE: CSV) was made available to the public. The company’s earnings per share for the quarter came in at $0.45, which was $0.07 less than the consensus estimate of $0.52 per share for the quarter’s earnings per share. Carriage Services company had a return on equity of 35.79% and a net margin of 12.50% regarding their financial performance. The company’s quarterly sales came in at $87.50 million, which is significantly lower than the consensus expectation of $88.98 million predicted for the company’s sales. Carriage Services, Inc. is expected to report an earnings per share (EPS) figure of 2.55 for the current fiscal year, according to the predictions of research experts.
In addition, the business only recently announced and paid out a quarterly dividend, which was done so on December 1 of this year. On November 7, a dividend payment of $0.112 was made to shareholders on record. As a direct result, the dividend payment will be $0.45 each year, and the yield will be 1.74%. This payment was disbursed on December 1, and the date that accounts will be debited for it is this coming Friday, November 4, which is the 29th day of the month. On November 7, a dividend payment of $0.112 was made to shareholders on record. As a direct result, the dividend payment will be $0.45 each year, and the yield will be 1.74%. This payment will be deducted from customer accounts on Friday, November 4, the date that has been determined. Carriage Services’ dividend payout ratio (also known as DPR) is currently at 15.85%.
During the trading session at noon on Thursday, the NYSE CSV saw a total movement of 153,588 shares traded in and out of the market. Compared to the previous trading day’s volume of 128,099, this decreases by $0.05, bringing the price to $25.82. A debt-to-equity ratio comes in at 4.40; a quick ratio comes in at 0.57; a current ratio comes in at 0.73, and a quick ratio comes in at 0.57. Carriage Services, Inc. reached a low point over the past 52 weeks of $22.71, while the company reached a high point over the past 52 weeks of $66.33. Because the company has a market value of $379.94 million, a P/E ratio of 9.09, a PEG ratio of 0.64, and a beta value of 0.85, it possesses an adequate amount of financial resources. The price of the stock’s moving average over the last 50 days is $26.74; over the last 200 days, it has been $33.88, respectively.
Recent months have seen several hedge funds make adjustments to their CSV holdings, with some seeing increases and others seeing decreases. The percentage of Carriage Services owned by Advisor Group Holdings Inc. increased by 210.3% during the first three months of 2018. During the most recent quarter, Advisor Group Holdings Inc. purchased an additional 5,128 shares of the company’s stock, bringing the total number of shares it owns to 7,566 with a value of $404,000. This brings the total number of shares it owns in the business to 7. GSA Capital Partners LLP increased its ownership stake in Carriage Services by 313.6% over the year’s first three months. Following the acquisition of an additional 16,949 shares during the most recent quarter, GSA Capital Partners LLP now directly owns 22,353 shares, valued at $1,192,000. The firm purchased these shares. Finally, Crossmark Global Holdings Inc. increased its ownership stake in Carriage Services by 59.8 percent over the first three months of 2018. Since the beginning of the third quarter, Crossmark Global Holdings Inc. has purchased an additional 3,600 shares. This brings the total number of shares that it owns in the company to 9,623, which are currently valued at $513,000.00. Global Alpha Capital Management Ltd. increased the proportion of Carriage Services owned by 6.0 percentage points over the year’s first three months. Global Alpha Capital Management Ltd. now holds 946,908 shares of the company’s stock, following the acquisition of an additional 53,240 shares during the most recent quarter. Global Alpha Capital Management Ltd.’s stock holdings value is $50,499,000. And finally, the Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Carriage Services during the first three months of the year. By acquiring a brand-new investment with a total value of $2,133,000. Institutions own the company’s stock 77.41% of the time, making them the most common shareholder.
Currently, CSV has been the focus of commentary from several brokerages. Carriage Services was the focus of the first research report published by StockNews.com. The report was made available on October 12—one day after the study was first published—and was titled “Initial Research Findings.” They advised their clients to “hold” the stock moving forward. In a research report made available to the public by TheStreet on November 16, the grade for Carriage Services was assigned a grade lower than its previous rating of “b-,” which was “c+.” Finally, in a research note published on October 27, Barrington Research lowered their price objective on Carriage Services from $50.00 to $40.00. In addition, it lowered its “outperform” rating on the stock from “outperform” to “market perform.” This was the final change, but certainly not the least significant. There are currently three analysts who have suggested that investors purchase the stock, while only one has recommended that investors keep their current position. According to information from Bloomberg, the stock is currently rated as having a consensus “Moderate Buy” recommendation, and its current target price is viewed as having a consensus value of $59.67. In addition, the consensus value for the stock’s potential earnings per share is currently seen as $59.67.