Snag This Deal Even Lower Than Chief Administration Officer Metzger DidBy Dividend Channel Staff, Tuesday, June 15, 10:24 AM ETThere's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 10, Carriage Services, Inc.'s Chief Administration Officer, Steven D. Metzger, invested $38,190.00 into 1,000 shares of CSV, for a cost per share of $38.19. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Carriage Services, Inc. (NYSE:CSV) and achieve a cost basis even cheaper than Metzger, with shares changing hands as low as $37.89 per share. Carriage Services, Inc. shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of CSV shares, versus its 200 day moving average:
Looking at the chart above, CSV's low point in its 52 week range is $16.7401 per share, with $39.65 as the 52 week high point — that compares with a last trade of $37.88. By comparison, below is a table showing the prices at which CSV insider buying was recorded over the last six months:
The current annualized dividend paid by Carriage Services, Inc. is $0.4/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/07/2021. Below is a long-term dividend history chart for CSV, which can be of good help in judging whether the most recent dividend with approx. 1.1% annualized yield is likely to continue.
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