Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Carriage Services, Inc. (NYSE:CSV – Free Report) by 34.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,965 shares of the company’s stock after selling 4,775 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Carriage Services worth $274,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CSV. Tower Research Capital LLC TRC raised its stake in shares of Carriage Services by 527.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 828 shares of the company’s stock worth $25,000 after buying an additional 696 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Carriage Services in the 4th quarter worth approximately $29,000. CWM LLC grew its holdings in shares of Carriage Services by 3,062.0% in the 4th quarter. CWM LLC now owns 1,581 shares of the company’s stock worth $44,000 after acquiring an additional 1,531 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Carriage Services by 107.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,342 shares of the company’s stock worth $65,000 after acquiring an additional 1,215 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Carriage Services by 35.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,655 shares of the company’s stock worth $66,000 after acquiring an additional 432 shares during the period. 70.43% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Carriage Services
In other news, CEO Melvin C. Payne sold 36,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $27.49, for a total transaction of $989,640.00. Following the sale, the chief executive officer now owns 1,167,853 shares in the company, valued at $32,104,278.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.10% of the stock is owned by insiders.
Carriage Services Price Performance
Carriage Services (NYSE:CSV – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $97.68 million for the quarter, compared to analysts’ expectations of $93.93 million. Carriage Services had a return on equity of 23.72% and a net margin of 8.33%. On average, analysts forecast that Carriage Services, Inc. will post 2.24 EPS for the current fiscal year.
Carriage Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, August 4th. Carriage Services’s dividend payout ratio (DPR) is presently 22.39%.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Carriage Services in a report on Thursday, August 17th. They issued a “hold” rating on the stock.
View Our Latest Analysis on Carriage Services
Carriage Services Profile
Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. The company operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation, funeral home facilities for visitation and memorial services, and transportation services; removal and preparation of remains; and sale of burial and cremation services, and related merchandise, such as caskets and urns.
Featured Stories
- Five stocks we like better than Carriage Services
- Roth IRA Calculator: Calculate Your Potential Returns
- 2 Stocks to Get You Ready for the Holiday Season
- What Are Dividend Achievers? An Introduction
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- How to Invest in EV Charging Stations
- MarketBeat Week in Review – 8/21 – 8/25
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.
