Thompson Siegel & Walmsley LLC Sells 36,847 Shares of Mama’s Creations, Inc. $MAMA

Thompson Siegel & Walmsley LLC decreased its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,598 shares of the company’s stock after selling 36,847 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.65% of Mama’s Creations worth $3,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Mama’s Creations by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,893,943 shares of the company’s stock worth $19,905,000 after acquiring an additional 7,254 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Mama’s Creations by 1.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 1,337,614 shares of the company’s stock worth $14,058,000 after acquiring an additional 21,700 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mama’s Creations by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 898,594 shares of the company’s stock worth $12,125,000 after acquiring an additional 68,506 shares during the last quarter. Park West Asset Management LLC bought a new position in Mama’s Creations during the 3rd quarter worth approximately $8,408,000. Finally, Brown Capital Management LLC bought a new position in Mama’s Creations during the 3rd quarter worth approximately $7,332,000. Institutional investors own 45.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. DA Davidson restated a “buy” rating and set a $25.00 price objective on shares of Mama’s Creations in a report on Wednesday, May 20th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Insiders Place Their Bets

In related news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the transaction, the chief executive officer directly owned 695,288 shares in the company, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Insiders own 1.03% of the company’s stock.

Mama’s Creations Price Performance

NASDAQ MAMA opened at $14.63 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. Mama’s Creations, Inc. has a 12-month low of $7.60 and a 12-month high of $17.85. The company has a market capitalization of $595.59 million, a PE ratio of 121.92 and a beta of 0.60. The firm’s 50 day moving average is $14.63 and its 200-day moving average is $14.23.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $53.99 million for the quarter, compared to the consensus estimate of $52.64 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. Equities research analysts anticipate that Mama’s Creations, Inc. will post 0.25 earnings per share for the current fiscal year.

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.