Mendel Money Management Sells 12,430 Shares of Carriage Services, Inc. $CSV

Mendel Money Management lessened its holdings in Carriage Services, Inc. (NYSE:CSV) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,929 shares of the company’s stock after selling 12,430 shares during the quarter. Mendel Money Management owned 0.25% of Carriage Services worth $1,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Carriage Services during the third quarter worth about $37,000. Jones Financial Companies Lllp lifted its position in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Carriage Services by 22.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock worth $66,000 after buying an additional 262 shares during the period. Simplex Trading LLC boosted its stake in Carriage Services by 408.7% in the 2nd quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock valued at $69,000 after buying an additional 1,226 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Carriage Services during the second quarter worth $71,000. 66.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CSV shares. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Carriage Services Price Performance

Carriage Services stock opened at $44.28 on Friday. The business’s 50-day simple moving average is $43.21 and its 200 day simple moving average is $43.75. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 2.23. The stock has a market cap of $696.97 million, a price-to-earnings ratio of 14.24, a P/E/G ratio of 0.85 and a beta of 0.95. Carriage Services, Inc. has a 12-month low of $35.51 and a 12-month high of $49.41.

Carriage Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.0%. Carriage Services’s payout ratio is 14.47%.

Carriage Services Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.