Hillsdale Investment Management Inc. Has $2.45 Million Holdings in Carriage Services, Inc. (NYSE:CSV)

Hillsdale Investment Management Inc. lifted its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,486 shares of the company’s stock after buying an additional 800 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.40% of Carriage Services worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CSV. Geode Capital Management LLC grew its holdings in Carriage Services by 4.4% in the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company’s stock worth $10,339,000 after purchasing an additional 13,126 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Carriage Services by 14.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 149,949 shares of the company’s stock valued at $5,975,000 after buying an additional 18,661 shares during the period. JPMorgan Chase & Co. increased its position in Carriage Services by 94.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company’s stock valued at $3,903,000 after buying an additional 57,821 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Carriage Services by 6.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 82,238 shares of the company’s stock worth $2,700,000 after buying an additional 4,850 shares during the period. Finally, Praetorian PR LLC boosted its holdings in Carriage Services by 15.2% in the third quarter. Praetorian PR LLC now owns 80,000 shares of the company’s stock worth $2,626,000 after acquiring an additional 10,578 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Performance

Shares of CSV opened at $38.25 on Friday. The firm has a market capitalization of $598.68 million, a P/E ratio of 17.15, a P/E/G ratio of 0.97 and a beta of 0.91. Carriage Services, Inc. has a 52 week low of $23.20 and a 52 week high of $42.75. The stock has a 50 day moving average price of $39.95 and a two-hundred day moving average price of $37.59. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72.

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

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, February 3rd. Carriage Services’s dividend payout ratio (DPR) is presently 21.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com downgraded Carriage Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of Carriage Services in a report on Friday, February 28th.

Carriage Services 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.