Wasatch Advisors LP trimmed its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,077,031 shares of the company’s stock after selling 688,617 shares during the period. Wasatch Advisors LP owned about 5.11% of Mama’s Creations worth $31,862,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of MAMA. Kornitzer Capital Management Inc. KS acquired a new stake in Mama’s Creations during the 4th quarter valued at $1,016,000. Nicholas Company Inc. boosted its position in shares of Mama’s Creations by 18.6% in the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock worth $5,323,000 after buying an additional 61,860 shares during the period. Royce & Associates LP purchased a new position in shares of Mama’s Creations during the fourth quarter valued at $2,834,000. Aristides Capital LLC grew its holdings in shares of Mama’s Creations by 72.5% during the third quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock valued at $3,251,000 after buying an additional 130,000 shares in the last quarter. Finally, Next Century Growth Investors LLC raised its position in Mama’s Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after buying an additional 596,688 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.
Mama’s Creations Price Performance
Shares of NASDAQ:MAMA opened at $19.94 on Friday. The firm has a market cap of $811.76 million, a price-to-earnings ratio of 142.43 and a beta of 0.60. Mama’s Creations, Inc. has a 1 year low of $7.88 and a 1 year high of $20.18. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $14.92.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a report on Wednesday, May 20th. Finally, Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.80.
Read Our Latest Research Report on MAMA
Insider Activity
In related news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.03% of the stock is currently owned by corporate insiders.
About Mama’s Creations
Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.
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