Allspring Global Investments Holdings LLC Takes Position in Carriage Services, Inc. (NYSE:CSV)

Allspring Global Investments Holdings LLC bought a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 131,288 shares of the company's stock, valued at approximately $4,310,000. Allspring Global Investments Holdings LLC owned approximately 0.87% of Carriage Services at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Carriage Services during the first quarter worth approximately $27,000. nVerses Capital LLC boosted its holdings in shares of Carriage Services by 550.0% during the second quarter. nVerses Capital LLC now owns 1,300 shares of the company's stock worth $35,000 after purchasing an additional 1,100 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of Carriage Services by 613.0% during the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company's stock worth $50,000 after purchasing an additional 1,600 shares during the period. Perritt Capital Management Inc boosted its holdings in shares of Carriage Services by 5,001.0% during the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company's stock worth $137,000 after purchasing an additional 5,001 shares during the period. Finally, EMC Capital Management acquired a new stake in shares of Carriage Services during the first quarter worth approximately $168,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Shawn R. Phillips sold 7,101 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the sale, the vice president now directly owns 90,700 shares of the company's stock, valued at approximately $2,721,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Carlos R. Quezada purchased 2,000 shares of Carriage Services stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $29.44 per share, with a total value of $58,880.00. Following the acquisition, the chief executive officer now directly owns 60,061 shares in the company, valued at approximately $1,768,195.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shawn R. Phillips sold 7,101 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the completion of the sale, the vice president now directly owns 90,700 shares of the company's stock, valued at approximately $2,721,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a "buy" rating and set a $40.00 price target (up from $32.00) on shares of Carriage Services in a report on Friday, August 2nd.

Carriage Services Stock Performance

NYSE CSV remained flat at $32.64 during trading on Tuesday. 35,515 shares of the company's stock were exchanged, compared to its average volume of 105,504. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $494.99 million, a PE ratio of 16.08, a PEG ratio of 0.86 and a beta of 0.94. The stock has a fifty day simple moving average of $32.29 and a 200-day simple moving average of $29.30. Carriage Services, Inc. has a 1 year low of $18.06 and a 1 year high of $35.00.

Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.10. The firm had revenue of $102.32 million during the quarter, compared to analysts' expectations of $94.40 million. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. As a group, analysts expect that Carriage Services, Inc. will post 2.34 earnings per share for the current year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Monday, November 4th. Carriage Services's dividend payout ratio is currently 22.17%.

About Carriage Services

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.