Linden Thomas Advisory Services LLC Purchases 5,093 Shares of Carriage Services, Inc. (NYSE:CSV)

Linden Thomas Advisory Services LLC increased its position in Carriage Services, Inc. (NYSE:CSV) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,357 shares of the company’s stock after purchasing an additional 5,093 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.18% of Carriage Services worth $1,090,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its stake in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares during the period. Marshall Wace LLP lifted its stake in Carriage Services by 3.0% during the 2nd quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,125 shares during the period. AQR Capital Management LLC lifted its stake in Carriage Services by 9.2% during the 2nd quarter. AQR Capital Management LLC now owns 15,134 shares of the company’s stock valued at $406,000 after acquiring an additional 1,279 shares during the period. XTX Topco Ltd lifted its stake in Carriage Services by 17.3% during the 3rd quarter. XTX Topco Ltd now owns 9,064 shares of the company’s stock valued at $298,000 after acquiring an additional 1,337 shares during the period. Finally, Point72 DIFC Ltd increased its position in shares of Carriage Services by 613.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock valued at $50,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Carriage Services Trading Up 0.7 %

Carriage Services stock opened at $39.60 on Friday. The firm has a 50 day moving average of $39.84 and a 200 day moving average of $35.00. The firm has a market capitalization of $602.83 million, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.94 and a beta of 0.93. Carriage Services, Inc. has a 12-month low of $22.96 and a 12-month high of $42.13. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03.

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

Carriage Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, February 3rd. Carriage Services’s dividend payout ratio (DPR) is currently 20.18%.

Wall Street Analyst Weigh In

Separately, Barrington Research upped their price target on shares of Carriage Services from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 6th.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the transaction, the vice president now directly owns 34,166 shares in the company, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.10% of the company’s stock.

Carriage Services Company 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.