Carriage Services Inc. (CSV) CEO Melvin C Payne sells 8,507 Shares

CEO of Carriage Services Inc. (CSV) Melvin C Payne sells 8,507 shares of CSV on 08/17/2011 at an average price of $5.24 a share.

Carriage Services Inc. has a market cap of $100.1 million; its shares were traded at around $5.38 with a P/E ratio of 10.5 and P/S ratio of 0.5. The dividend yield of Carriage Services Inc. stocks is 1.8%. Carriage Services Inc. had an annual average earning growth of 7.4% over the past 5 years.

This is the annual revenues and earnings per share of CSV over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CSV.

CEO Recent Trades:

• CEO Melvin C Payne sold 3,243 shares of CSV stock on 08/15/2011 at the average price of 5.33. Melvin C Payne owns at least 1,559,347 shares after this. The price of the stock has increased by 0.94% since.
• CEO Melvin C Payne sold 2,900 shares of CSV stock on 08/12/2011 at the average price of 5.22. Melvin C Payne owns at least 1,562,590 shares after this. The price of the stock has increased by 3.07% since.
• CEO Melvin C Payne sold 2,000 shares of CSV stock on 08/11/2011 at the average price of 5.19. Melvin C Payne owns at least 1,565,490 shares after this. The price of the stock has increased by 3.66% since.
• CEO Melvin C Payne sold 5,000 shares of CSV stock on 08/10/2011 at the average price of 5.2. Melvin C Payne owns at least 1,567,490 shares after this. The price of the stock has increased by 3.46% since.
• CEO Melvin C Payne sold 6,400 shares of CSV stock on 08/08/2011 at the average price of 5.25. Melvin C Payne owns at least 1,572,490 shares after this. The price of the stock has increased by 2.48% since.

This is the insider trade history vs. stock price of CSV. For the complete insider trading history of CSV, click here.

Directors and Officers Recent Trades:

• Regional Partner Mark R Bruce sold 3,000 shares of CSV stock on 06/24/2011 at the average price of 5.56. Mark R Bruce owns at least 33,296 shares after this. The price of the stock has decreased by 3.24% since.
• Controller Viki K Blinderman sold 6,428 shares of CSV stock on 03/22/2011 at the average price of 5.35. Viki K Blinderman owns at least 11,584 shares after this. The price of the stock has increased by 0.56% since.

For the complete insider trading history of CSV, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool