Carriage Services, Inc. (NYSE:CSV) Position Lifted by Values First Advisors Inc.

Values First Advisors Inc. grew its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,498 shares of the company’s stock after acquiring an additional 270 shares during the period. Values First Advisors Inc. owned about 0.11% of Carriage Services worth $697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Carriage Services by 9.2% in the second quarter. AQR Capital Management LLC now owns 15,134 shares of the company’s stock worth $406,000 after purchasing an additional 1,279 shares in the last quarter. SG Americas Securities LLC bought a new position in Carriage Services during the 3rd quarter worth approximately $207,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Carriage Services in the 3rd quarter worth approximately $4,310,000. Principal Financial Group Inc. bought a new stake in shares of Carriage Services in the 3rd quarter valued at approximately $232,000. Finally, Versor Investments LP acquired a new stake in shares of Carriage Services during the 3rd quarter valued at approximately $259,000. Institutional investors own 66.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Carriage Services in a report on Monday.

Carriage Services Price Performance

CSV opened at $40.85 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The company’s 50-day moving average price is $40.14 and its 200 day moving average price is $36.06. Carriage Services, Inc. has a fifty-two week low of $23.20 and a fifty-two week high of $42.67. The firm has a market cap of $621.74 million, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be given a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, February 3rd. Carriage Services’s payout ratio is 20.18%.

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.