A Director at Carriage Services (NYSE: CSV) is Buying Shares

By Carrie Williams

Today, a Director at Carriage Services (NYSE: CSV), Leibman Bryan, bought shares of CSV for $117.6K.

This recent transaction increases Leibman Bryan’s holding in the company by 37.28% to a total of $318.2K. Following Leibman Bryan’s last CSV Buy transaction on November 05, 2015, the stock climbed by 0.9%.

Based on Carriage Services’ latest earnings report from September 30, the company posted quarterly revenue of $60.14M and quarterly net profit of $5.68M. In comparison, last year the company earned revenue of $58.38M and had a net profit of $4.44M. The company has a one year high of $25.96 and a one year low of $19.03. CSV’s market cap is $390M and the company has a P/E ratio of 19.60.

Starting in May 2014, CSV received 11 Buy ratings in a row. Three different firms, including Macquarie and Oppenheimer, currently also have a Buy rating on the stock.

The insider sentiment on Carriage Services has been positive according to 25 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Carriage Services, Inc. provides funeral and cemetery services and products in the United States of America. It operates through two segments: Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers a complete suite of services to meet families funeral needs, including consultation, removal and preparation of remains, sale of caskets and related funeral merchandise, use of funeral homes for visitation and religious services and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial grave sites and burial vaults. The company was founded by Melvin C. Payne in 1991 and is headquartered in Houston, TX.