Sanctuary Advisors LLC Buys Shares of 27,899 Carriage Services, Inc. (NYSE:CSV)

Sanctuary Advisors LLC acquired a new stake in Carriage Services, Inc. (NYSE:CSV - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 27,899 shares of the company's stock, valued at approximately $1,159,000. Sanctuary Advisors LLC owned 0.18% of Carriage Services at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Carriage Services during the 3rd quarter valued at $4,310,000. Principal Financial Group Inc. acquired a new stake in shares of Carriage Services in the third quarter valued at $232,000. Versor Investments LP acquired a new stake in shares of Carriage Services in the third quarter valued at $259,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Carriage Services by 141.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,379 shares of the company's stock valued at $866,000 after buying an additional 15,433 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Carriage Services during the 3rd quarter worth about $2,151,000. 66.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and issued a $50.00 price objective on shares of Carriage Services in a research report on Friday.

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Carriage Services Price Performance

Shares of CSV stock traded up $0.48 during trading hours on Friday, reaching $40.16. 134,916 shares of the company were exchanged, compared to its average volume of 136,693. Carriage Services, Inc. has a fifty-two week low of $23.20 and a fifty-two week high of $42.75. The stock's fifty day moving average is $40.33 and its two-hundred day moving average is $36.88. The company has a market cap of $611.36 million, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59.

Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.11. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $96.72 million. During the same period in the prior year, the business earned $0.77 earnings per share. Sell-side analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.1125 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.45 annualized dividend and a yield of 1.12%. Carriage Services's dividend payout ratio is currently 21.43%.

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.