On June 11, 2024, Director Charles Fargason purchased 4,000 shares of Carriage Services Inc (CSV, Financial), as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 20,005 shares in the company.
Carriage Services Inc operates in the death care industry, providing funeral and cemetery services and merchandise in the United States. The insider's recent purchase aligns with a broader pattern observed over the past year, where Charles Fargason has acquired a total of 15,000 shares.
The transaction history for Carriage Services Inc shows a trend of insider activity, with 3 insider buys and 17 insider sells over the past year. This recent acquisition by the insider might signal a positive outlook on the company's value.
Shares of Carriage Services Inc were priced at $28.23 on the day of the transaction. The company's market cap stands at $423.269 million. The price-earnings ratio is currently 13.75, which is lower than both the industry median of 17.5 and the company’s historical median.
According to the GF Value, which estimates the intrinsic value of a stock based on historical trading multiples, an adjustment factor for past performance, and future business performance estimates, Carriage Services Inc is considered Modestly Undervalued with a GF Value of $35.73. This suggests a potential undervaluation at the current price of $28.23, with a price-to-GF-Value ratio of 0.79.
This insider buying activity could be a significant indicator for investors, especially when considered alongside the company's valuation metrics and market performance.
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.
