Paul Donald Elliott, the Senior Vice President and Regional Partner of Carriage Services Inc . (NYSE:CSV), has sold 6,500 shares of the company's common stock, according to a recent SEC filing. The shares were sold at a weighted average price of $25.87, totaling approximately $168,155.
The transactions took place on March 20, 2024, and were executed in multiple parts with prices ranging from $25.82 to $26.04. Following the sale, Elliott's direct holdings in the company amount to 38,178 shares. Additionally, he indirectly owns 6,029 shares jointly with his spouse.
Investors often monitor insider sales as they may provide insights into an executive's perspective on the company's current valuation or future prospects. The details of the transaction, including the exact number of shares sold at each price within the specified range, can be provided by Elliott upon request to Carriage Services, any security holder of the company, or the SEC staff.
Carriage Services Inc., with its headquarters in Houston, Texas, operates in the personal services industry, providing funeral and cemetery services and merchandise. Insider transactions such as Elliott's are routinely disclosed to the public through SEC filings to ensure transparency and maintain fair trading practices in the securities markets.
InvestingPro Insights
As investors parse the details of the insider sale by Paul Donald Elliott of Carriage Services Inc., it's also important to consider the broader financial health and market performance of the company. According to real-time data from InvestingPro, Carriage Services has a market capitalization of approximately $405.64 million and a P/E ratio of 11.98, which adjusts marginally to 11.95 when considering the last twelve months as of Q4 2023. This suggests a reasonable valuation relative to earnings.
InvestingPro Tips highlight that Carriage Services has upheld a commendable track record of dividend payments for 14 consecutive years, which may be of particular interest to income-focused investors. Moreover, analysts anticipate the company to remain profitable this year, a sentiment that is backed by the firm's profitability over the past twelve months.
Additional metrics of note include a Gross Profit Margin of 36.2% and an Operating Income Margin of 21.48% for the last twelve months as of Q4 2023. These figures reflect the company's ability to convert revenue into profit efficiently. The Revenue Growth for the same period stood at 3.34%, indicating a steady increase in the company's top-line performance.
For readers looking to delve deeper into the financials and future prospects of Carriage Services, InvestingPro offers even more detailed analysis and metrics. By using the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a wealth of exclusive insights. As of now, there are 4 additional InvestingPro Tips available to subscribers who wish to gain a more nuanced understanding of the company's financial position and market potential.
With the next earnings date approaching on May 1, 2024, stakeholders and potential investors may want to keep a close eye on Carriage Services' performance and insider trading activities to make informed decisions.
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