Bard Associates Inc. Has $4.44 Million Stock Position in Carriage Services, Inc. (NYSE:CSV)

Bard Associates Inc. cut its position in Carriage Services, Inc. (NYSE:CSV) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,351 shares of the company’s stock after selling 510 shares during the period. Carriage Services accounts for approximately 1.5% of Bard Associates Inc.’s investment portfolio, making the stock its 15th biggest holding. Bard Associates Inc. owned about 0.73% of Carriage Services worth $4,437,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Carriage Services by 46.6% during the third quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after buying an additional 271 shares during the last quarter. R Squared Ltd bought a new stake in shares of Carriage Services during the fourth quarter worth about $65,000. Point72 Asset Management L.P. lifted its position in Carriage Services by 1,074.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after acquiring an additional 4,297 shares in the last quarter. Verition Fund Management LLC acquired a new position in Carriage Services during the 3rd quarter valued at about $204,000. Finally, Principal Financial Group Inc. bought a new stake in Carriage Services during the 3rd quarter worth approximately $232,000. 66.46% of the stock is owned by institutional investors and hedge funds.

Carriage Services Trading Down 1.0 %

Shares of CSV stock opened at $39.72 on Tuesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $604.66 million, a price-to-earnings ratio of 17.81, a PEG ratio of 0.97 and a beta of 0.92. Carriage Services, Inc. has a 52-week low of $23.20 and a 52-week high of $42.75. The company has a 50-day simple moving average of $40.32 and a two-hundred day simple moving average of $37.04.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. The company had revenue of $97.70 million during the quarter, compared to analyst estimates of $96.72 million. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. During the same period in the prior year, the company posted $0.77 earnings per share. Research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, February 3rd. Carriage Services’s payout ratio is 21.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $50.00 target price on shares of Carriage Services in a report on Friday. StockNews.com upgraded Carriage Services from a “hold” rating to a “buy” rating in a research note on Monday.

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.