MQS Management LLC Makes New $742,000 Investment in Carriage Services, Inc. $CSV

MQS Management LLC bought a new stake in Carriage Services, Inc. (NYSE:CSV) during the third quarter, Holdings Channel reports. The institutional investor bought 16,669 shares of the company’s stock, valued at approximately $742,000.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in Carriage Services by 12.5% in the second quarter. Ameriprise Financial Inc. now owns 477,238 shares of the company’s stock valued at $21,829,000 after purchasing an additional 52,889 shares in the last quarter. Geode Capital Management LLC grew its position in Carriage Services by 5.4% in the second quarter. Geode Capital Management LLC now owns 350,092 shares of the company’s stock worth $16,016,000 after acquiring an additional 17,931 shares in the last quarter. De Lisle Partners LLP increased its stake in shares of Carriage Services by 13.9% during the 2nd quarter. De Lisle Partners LLP now owns 209,777 shares of the company’s stock worth $9,600,000 after purchasing an additional 25,676 shares during the last quarter. Boston Partners increased its stake in shares of Carriage Services by 7.5% during the 2nd quarter. Boston Partners now owns 202,581 shares of the company’s stock worth $9,266,000 after purchasing an additional 14,056 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of Carriage Services by 7.8% during the 2nd quarter. Kennedy Capital Management LLC now owns 113,292 shares of the company’s stock valued at $5,182,000 after purchasing an additional 8,176 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a report on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research note on Monday, January 5th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Carriage Services Trading Up 0.5%

Shares of NYSE:CSV opened at $44.33 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.75 and a current ratio of 0.88. The stock’s 50-day moving average is $43.00 and its 200-day moving average is $43.79. The company has a market cap of $697.75 million, a P/E ratio of 14.25, a P/E/G ratio of 0.85 and a beta of 0.95. Carriage Services, Inc. has a 52-week low of $35.51 and a 52-week high of $49.41.

Carriage Services Announces Dividend

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

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.