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Melvin Payne Biography and Net Worth

CEO of Carriage Services

Melvin C. Payne, co-founder of Carriage, has served as our CEO and a Director since our inception in 1991, and as Chairman of the Board since December 1996. Prior to co-founding Carriage, Mr. Payne held a variety of financial and executive leadership roles, including serving as an Executive Vice President for WEDGE Group where he focused on leveraged buyouts; serving as Chief Financial Officer and then President and Chief Executive Officer for Independent Refining Company; serving as the Head of the Chemical Division for Texas Commerce Bank; and overseeing the analysis and private placement of industrial and commercial loans at Prudential Insurance Company.

Mr. Payne, a Vietnam Veteran, earned his Bachelors in Chemical Engineering from Mississippi State University and his MBA from Tulane University.

What is Melvin C. Payne's net worth?: The estimated net worth of Melvin C. Payne is at least $43.05 million as of February 22nd, 2024. Mr. Payne owns 1,129,809 shares of Carriage Services stock worth more than $43,045,723 as of November 17th. This net worth approximation does not reflect any other assets that Mr. Payne may own. Learn More about Melvin C. Payne's net worth.
How do I contact Melvin C. Payne?: The corporate mailing address for Mr. Payne and other Carriage Services executives is 3040 POST OAK BOULEVARD SUITE 300, HOUSTON TX, 77056. Carriage Services can also be reached via phone at (713) 332-8400 and via email at [email protected]. Learn More on Melvin C. Payne's contact information.
Has Melvin C. Payne been buying or selling shares of Carriage Services?: Melvin C. Payne has not been actively trading shares of Carriage Services over the course of the past ninety days. Most recently, Melvin C. Payne sold 3,524 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $25.58, for a transaction totalling $90,143.92. Following the completion of the sale, the director now directly owns 1,129,809 shares of the company's stock, valued at $28,900,514.22. Learn More on Melvin C. Payne's trading history.
Who are Carriage Services' active insiders?: Carriage Services' insider roster includes Carl Brink (CFO), Paul Elliott (VP), Christopher Manceaux (VP), Steven Metzger (EVP), Melvin Payne (CEO), and Carlos Quezada (COO). Learn More on Carriage Services' active insiders.
Are insiders buying or selling shares of Carriage Services?: During the last year, Carriage Services insiders bought shares 3 times. They purchased a total of 10,000 shares worth more than $269,160.00. During the last year, insiders at the sold shares 12 times. They sold a total of 46,791 shares worth more than $1,326,553.09. The most recent insider tranaction occured on November, 5th when VP Paul Donald Elliott sold 5,000 shares worth more than $188,900.00. Insiders at Carriage Services own 12.1% of the company. Learn More about insider trades at Carriage Services.
Information on this page was last updated on 11/5/2024.

Melvin C. Payne Insider Trading History at Carriage Services

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/22/2024	Sell	3,524	$25.58	$90,143.92	1,129,809
6/13/2023	Sell	36,000	$27.49	$989,640.00	1,167,853
11/30/2021	Sell	26,500	$51.33	$1,360,245.00
2/14/2021	Sell	1,804	$36.58	$65,990.32	1,240,347
12/9/2020	Buy	29,000	$30.02	$870,580.00	1,269,409
3/23/2020	Sell	25,632	$14.97	$383,711.04	1,231,167
2/14/2020	Sell	1,097	$24.55	$26,931.35	1,256,799
11/8/2018	Buy	68,651	$16.57	$1,137,547.07	1,286,467
11/6/2018	Buy	66,000	$16.04	$1,058,640.00	1,223,816
8/18/2017	Sell	100,000	$23.85	$2,385,000.00	1,131,753
6/19/2015	Sell	50,000	$24.42	$1,221,000.00
3/30/2015	Sell	50,000	$24.70	$1,235,000.00
5/12/2014	Buy	10,000	$16.05	$160,500.00
3/14/2014	Buy	20,000	$17.10	$342,000.00
5/24/2013	Buy	15,000	$16.85	$252,750.00

Melvin C. Payne Buying and Selling Activity at Carriage Services

Carriage Services Company Overview

Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise. The Cemetery Operations segment sells interment rights for grave sites, lawn crypts, mausoleum spaces, and niches; related cemetery merchandise, including memorial markers, outer burial containers, and monuments; and interments, inurnments, and installation of cemetery merchandise services. Carriage Services, Inc. was founded in 1991 and is based in Houston, Texas.

Today's Range

Now: $38.10

$37.23

$38.52

50 Day Range

MA: $33.72

$30.35

$39.94

2 Week Range

Now: $38.10

$21.10

$40.47

Volume

93,482 shs

Average Volume

98,525 shs

Market Capitalization

$579.88 million

P/E Ratio

17.09

Dividend Yield

1.18%

Beta

0.91

Bill Gates’s Next Big AI Bet: Stargate

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