Insider Bets Paying Off At CSV As New 52-Week High Reached

In trading on Monday, shares of Carriage Services, Inc. (CSV) touched a new 52-week high of $25.98/share. That's a 36.52% rise, or $6.95 per share from the 52-week low of $19.03 set back on 02/24/2016. That means at today's intraday high, any investor who purchased CSV stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CSV has seen 3 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
06/01/2016 Carl Benjamin Brink Principal Financial Officer 1,200 $23.54 $28,248.00
06/17/2016 David J. Decarlo President 10,000 $22.51 $225,100.00
11/04/2016 Bryan Leibman Director 5,000 $23.52 $117,600.00

The chart below shows where CSV has traded over the past year, with the 50-day and 200-day moving averages included.

Carriage Services, Inc. Moving Averages Chart

In afternoon trading on Monday, CSV shares are changing hands at $25.68/share, slightly below the new 52-week high.

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