Rhumbline Advisers Purchases 2,146 Shares of Mama’s Creations, Inc. $MAMA

Rhumbline Advisers boosted its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,699 shares of the company’s stock after buying an additional 2,146 shares during the period. Rhumbline Advisers owned approximately 0.12% of Mama’s Creations worth $291,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MAMA. AlphaQuest LLC purchased a new stake in shares of Mama’s Creations during the 1st quarter worth approximately $35,000. BNP Paribas Financial Markets bought a new stake in Mama’s Creations in the fourth quarter worth $68,000. Legato Capital Management LLC purchased a new stake in Mama’s Creations during the first quarter valued at $71,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mama’s Creations during the first quarter valued at $116,000. Finally, Deutsche Bank AG grew its stake in shares of Mama’s Creations by 3,085.4% in the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company’s stock worth $210,000 after buying an additional 25,578 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Performance

MAMA opened at $10.81 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58. The stock’s 50 day moving average price is $8.99 and its 200-day moving average price is $7.88. Mama’s Creations, Inc. has a one year low of $5.50 and a one year high of $11.49. The stock has a market cap of $437.81 million, a price-to-earnings ratio of 98.28 and a beta of 0.65.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $33.18 million. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.During the same quarter in the previous year, the business earned $0.03 EPS. On average, equities analysts forecast that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Adam Laurance Michaels sold 65,220 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $10.89, for a total transaction of $710,245.80. Following the completion of the sale, the chief executive officer directly owned 598,660 shares of the company’s stock, valued at approximately $6,519,407.40. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shirley Romig sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.18, for a total transaction of $40,720.00. Following the completion of the transaction, the director owned 17,139 shares in the company, valued at approximately $174,475.02. The trade was a 18.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MAMA. Zacks Research cut shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. DA Davidson began coverage on Mama’s Creations in a research note on Tuesday. They set a “buy” rating and a $18.00 price objective on the stock. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Lake Street Capital lifted their target price on Mama’s Creations from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Finally, Roth Capital increased their price target on Mama’s Creations from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Mama’s Creations currently has a consensus rating of “Buy” and an average price target of $14.25.

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.