Quadrature Capital Ltd Purchases New Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Quadrature Capital Ltd purchased a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 36,971 shares of the company’s stock, valued at approximately $182,000. Quadrature Capital Ltd owned about 0.10% of Mama’s Creations at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Worth Venture Partners LLC bought a new position in Mama’s Creations in the 4th quarter worth about $63,000. B. Riley Wealth Advisors Inc. bought a new position in Mama’s Creations in the 4th quarter worth about $191,000. Pinnacle Holdings LLC bought a new position in Mama’s Creations in the 4th quarter worth about $236,000. Jump Financial LLC bought a new position in Mama’s Creations in the 4th quarter worth about $323,000. Finally, Navellier & Associates Inc. bought a new position in Mama’s Creations in the 4th quarter worth about $571,000. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Price Performance

NASDAQ MAMA opened at $6.87 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.37. The firm’s 50 day moving average price is $6.47 and its 200-day moving average price is $5.30. Mama’s Creations, Inc. has a 52-week low of $2.92 and a 52-week high of $7.57. The company has a market cap of $256.00 million, a PE ratio of 45.80 and a beta of 0.98.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Wednesday, April 24th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. The company had revenue of $26.73 million during the quarter, compared to analysts’ expectations of $25.07 million. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Lake Street Capital upped their target price on shares of Mama’s Creations from $7.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Craig Hallum increased their price objective on shares of Mama’s Creations from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Roth Mkm reiterated a “buy” rating and set a $8.50 price objective (up from $6.50) on shares of Mama’s Creations in a research note on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Mama’s Creations has a consensus rating of “Buy” and an average price target of $9.38.

About Mama’s Creations

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.