Carriage Services, Inc. (CSV) Shares Bought by DF Dent & Co. Inc.

DF Dent & Co. Inc. grew its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 190.8% in the 4th quarter, HoldingsChannel reports. The fund owned 91,241 shares of the company’s stock after acquiring an additional 59,862 shares during the period. DF Dent & Co. Inc.’s holdings in Carriage Services were worth $2,346,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mendel Money Management bought a new stake in shares of Carriage Services during the fourth quarter valued at approximately $2,924,000. Cadence Capital Management LLC raised its stake in Carriage Services by 5.1% in the third quarter. Cadence Capital Management LLC now owns 44,712 shares of the company’s stock worth $1,145,000 after buying an additional 2,185 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Carriage Services by 16.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 66,930 shares of the company’s stock worth $1,714,000 after buying an additional 9,447 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Carriage Services by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,406,074 shares of the company’s stock worth $35,996,000 after buying an additional 6,313 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Carriage Services by 16.6% in the fourth quarter. Bank of Montreal Can now owns 456,961 shares of the company’s stock worth $11,748,000 after buying an additional 65,200 shares in the last quarter. 87.98% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

A number of brokerages recently commented on CSV. Barrington Research reissued an “outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Carriage Services in a research note on Thursday, February 15th. Zacks Investment Research downgraded shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th.

Carriage Services, Inc. (NYSE:CSV) opened at $28.42 on Tuesday. The company has a market cap of $459.70, a P/E ratio of 20.44, a P/E/G ratio of 0.93 and a beta of 0.76. Carriage Services, Inc. has a 12 month low of $23.15 and a 12 month high of $28.96. The company has a quick ratio of 0.55, a current ratio of 0.71 and a debt-to-equity ratio of 1.74.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $65.10 million during the quarter, compared to the consensus estimate of $65.34 million. Carriage Services had a return on equity of 13.27% and a net margin of 14.41%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. analysts forecast that Carriage Services, Inc. will post 2.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Monday, February 12th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, February 9th. Carriage Services’s dividend payout ratio (DPR) is 14.22%.

In other Carriage Services news, Director James Raymond Schenck purchased 1,000 shares of Carriage Services stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $27.79 per share, with a total value of $27,790.00. Following the completion of the transaction, the director now owns 6,061 shares in the company, valued at approximately $168,435.19. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Barry K. Fingerhut purchased 2,500 shares of Carriage Services stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $27.50 per share, for a total transaction of $68,750.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $68,750. The disclosure for this purchase can be found here. Insiders own 13.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2018/03/20/carriage-services-inc-csv-shares-bought-by-df-dent-co-inc.html.

Carriage Services Company Profile

Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.

Want to see what other hedge funds are holding CSV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carriage Services, Inc. (NYSE:CSV).

Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

Receive News & Ratings for Carriage Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply