Carriage Services, Inc. (NYSE:CSV) Shares Purchased by Praetorian PR LLC

Praetorian PR LLC boosted its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 15.2% in the 3rd quarter, Holdings Channel reports. The fund owned 80,000 shares of the company’s stock after acquiring an additional 10,578 shares during the quarter. Carriage Services accounts for 1.0% of Praetorian PR LLC’s holdings, making the stock its 12th largest holding. Praetorian PR LLC’s holdings in Carriage Services were worth $2,626,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CSV. Price T Rowe Associates Inc. MD increased its stake in shares of Carriage Services by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company’s stock worth $284,000 after acquiring an additional 746 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Carriage Services by 10.1% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 18,861 shares of the company’s stock worth $506,000 after purchasing an additional 1,727 shares during the period. Assenagon Asset Management S.A. increased its position 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 during the last quarter. Bank of New York Mellon Corp lifted its position in Carriage Services by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 141,262 shares of the company’s stock valued at $3,791,000 after buying an additional 13,598 shares during the last quarter. Finally, nVerses Capital LLC boosted its stake in Carriage Services by 550.0% during the second quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Insider Activity

In related news, VP Paul Donald Elliott sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now owns 34,166 shares of the company’s stock, valued at $1,290,791.48. This trade represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

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

Carriage Services Price Performance

Shares of CSV opened at $40.58 on Friday. The company has a market cap of $617.63 million, a P/E ratio of 18.17, a PEG ratio of 1.08 and a beta of 0.91. Carriage Services, Inc. has a fifty-two week low of $22.05 and a fifty-two week high of $40.89. 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 firm’s 50 day moving average price is $34.94 and its 200 day moving average price is $31.31.

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

Carriage Services Dividend Announcement

The business also recently declared 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. This represents a $0.45 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services’s dividend payout ratio is currently 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.