Parvin Asset Management LLC Purchases Shares of 19,170 Carriage Services, Inc. $CSV

Parvin Asset Management LLC purchased a new position in shares of Carriage Services, Inc. (NYSE:CSV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 19,170 shares of the company’s stock, valued at approximately $735,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after buying an additional 312 shares during the last quarter. Jones Financial Companies Lllp grew its position in Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after acquiring an additional 868 shares during the last quarter. Jane Street Group LLC bought a new position in Carriage Services during the first quarter valued at approximately $689,000. Creative Planning purchased a new position in shares of Carriage Services during the second quarter worth approximately $200,000. Finally, Rhumbline Advisers raised its stake in shares of Carriage Services by 8.2% during the second quarter. Rhumbline Advisers now owns 21,856 shares of the company’s stock worth $1,000,000 after acquiring an additional 1,654 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Price Performance

CSV opened at $34.77 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. Carriage Services, Inc. has a 52-week low of $33.33 and a 52-week high of $52.10. The stock has a market capitalization of $551.80 million, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.69 and a beta of 0.84. The stock’s 50 day moving average price is $37.60 and its 200-day moving average price is $41.89.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). The business had revenue of $102.95 million for the quarter, compared to the consensus estimate of $108.91 million. Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities research analysts predict that Carriage Services, Inc. will post 3.38 EPS for the current year.

Carriage Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a $0.1125 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.3%. Carriage Services’s dividend payout ratio is 16.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CSV shares. Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Zacks Research cut shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research note on Friday, August 7th. Oppenheimer assumed coverage on shares of Carriage Services in a research report on Thursday, August 13th. They set an “outperform” rating and a $48.00 price target for the company. Finally, Roth Capital set a $46.00 price objective on Carriage Services in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

About Carriage Services

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.