Rice Hall James & Associates LLC Decreases Stock Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Rice Hall James & Associates LLC lowered its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 444,416 shares of the company’s stock after selling 1,588 shares during the period. Rice Hall James & Associates LLC owned approximately 1.19% of Mama’s Creations worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MAMA. First Eagle Investment Management LLC acquired a new stake in Mama’s Creations in the 1st quarter valued at approximately $1,164,000. Russell Investments Group Ltd. grew its stake in shares of Mama’s Creations by 185.4% in the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after acquiring an additional 513,824 shares in the last quarter. Annex Advisory Services LLC acquired a new position in shares of Mama’s Creations in the second quarter worth $607,000. Ancora Advisors LLC grew its stake in shares of Mama’s Creations by 123.5% in the first quarter. Ancora Advisors LLC now owns 254,180 shares of the company’s stock worth $1,271,000 after acquiring an additional 140,460 shares in the last quarter. Finally, Evernest Financial Advisors LLC grew its stake in shares of Mama’s Creations by 276.0% in the third quarter. Evernest Financial Advisors LLC now owns 188,000 shares of the company’s stock worth $1,372,000 after acquiring an additional 138,000 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the sale, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at $4,030,989.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is owned by corporate insiders.

Mama’s Creations Price Performance

Mama’s Creations stock opened at $7.17 on Friday. The stock has a market cap of $269.26 million, a P/E ratio of 55.12 and a beta of 1.03. The company has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $7.21. Mama’s Creations, Inc. has a 12-month low of $3.38 and a 12-month high of $8.69. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. The firm had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. During the same period in the previous year, the company earned $0.05 earnings per share. Equities analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on MAMA. Craig Hallum boosted their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price objective (up from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.00.

Mama’s Creations Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.