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.
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 (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.
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.
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