Carriage Services, Inc. (NYSE:CSV) VP Michael Loeffel bought 1,355 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $18.57 per share, with a total value of $25,162.35. Following the completion of the transaction, the vice president now directly owns 18,957 shares of the company’s stock, valued at $352,031.49. The transaction was disclosed in a filing with the SEC, which is available through this link.

Michael Loeffel also recently made the following trade(s):

  • On Friday, May 29th, Michael Loeffel purchased 1,370 shares of Carriage Services stock. The stock was bought at an average cost of $18.25 per share, with a total value of $25,002.50.
  • On Monday, March 30th, Michael Loeffel purchased 2,250 shares of Carriage Services stock. The stock was bought at an average cost of $16.22 per share, with a total value of $36,495.00.
  • On Friday, March 27th, Michael Loeffel purchased 1,250 shares of Carriage Services stock. The stock was bought at an average cost of $14.55 per share, with a total value of $18,187.50.

NYSE:CSV traded down $0.35 during trading hours on Tuesday, hitting $18.37. 178,200 shares of the company’s stock traded hands, compared to its average volume of 172,917. The firm has a market cap of $334.58 million, a P/E ratio of 89.52, a P/E/G ratio of 0.89 and a beta of 0.83. Carriage Services, Inc. has a 52 week low of $13.54 and a 52 week high of $28.50. The business’s fifty day simple moving average is $15.99 and its two-hundred day simple moving average is $20.97. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 2.40.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, May 19th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $77.49 million during the quarter, compared to analyst estimates of $68.85 million. Carriage Services had a return on equity of 9.71% and a net margin of 1.35%. On average, analysts expect that Carriage Services, Inc. will post 1.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, May 8th. Carriage Services’s dividend payout ratio is 25.00%.

Large investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. bought a new stake in Carriage Services during the first quarter valued at $25,000. Great West Life Assurance Co. Can bought a new stake in Carriage Services during the fourth quarter valued at $31,000. BNP Paribas Arbitrage SA boosted its stake in Carriage Services by 26.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,090 shares of the company’s stock valued at $82,000 after buying an additional 1,051 shares during the period. SG Americas Securities LLC boosted its stake in Carriage Services by 57.4% during the first quarter. SG Americas Securities LLC now owns 6,211 shares of the company’s stock valued at $100,000 after buying an additional 2,266 shares during the period. Finally, Bank of Montreal Can boosted its stake in Carriage Services by 17.6% during the fourth quarter. Bank of Montreal Can now owns 4,166 shares of the company’s stock valued at $107,000 after buying an additional 623 shares during the period. 75.37% of the stock is owned by institutional investors.

CSV has been the subject of a number of analyst reports. Sidoti raised their price target on Carriage Services from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Zacks Investment Research raised Carriage Services from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target (up from $25.00) on shares of Carriage Services in a report on Wednesday, May 20th.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.

Read More: What does an outperform rating mean?

Insider Buying and Selling by Quarter for Carriage Services (NYSE:CSV)

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