Director Charles Fargason Acquires 5,000 Shares of Carriage Services Inc (CSV)
Carriage Services Inc (NYSE:CSV), a company specializing in funeral home operations and cemetery services, has reported an insider purchase by Director Charles Fargason. According to a recent SEC filing, the insider acquired 5,000 shares of the company on March 8, 2024.Over the past year, Charles Fargason has engaged in the purchase of 5,000 shares in total and has not sold any shares of Carriage Services Inc. This latest transaction reflects the only insider buy for the company over the past year, contrasting with 14 insider sells during the same period.On the date of the insider's recent purchase, shares of Carriage Services Inc were trading at $26.1 each, resulting in a market capitalization of $393.374 million for the company.The stock's price-earnings ratio stands at 12.08, which is below the industry median of 16.18 and also below the historical median price-earnings ratio for Carriage Services Inc. This valuation metric suggests a lower valuation relative to its peers and its own historical trading.Carriage Services Inc's current price relative to the GuruFocus Value (GF Value) indicates a price-to-GF-Value ratio of 0.62, with the GF Value being $41.97. This ratio positions the stock as a "Possible Value Trap, Think Twice" according to the GF Value assessment.The GF Value is determined by considering historical trading multiples such as price-earnings, price-sales, price-book, and price-to-free cash flow ratios, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider's recent acquisition could be interpreted as a sign of confidence in the future prospects of Carriage Services Inc, despite the stock's current valuation indicating caution. Investors and analysts often monitor insider buying as it may signal positive developments within the company or undervaluation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
