Dimensional Fund Advisors LP Raises Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Dimensional Fund Advisors LP increased its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397,800 shares of the company’s stock after buying an additional 32,800 shares during the period. Dimensional Fund Advisors LP owned 1.07% of Mama’s Creations worth $2,682,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ritholtz Wealth Management raised its stake in shares of Mama’s Creations by 3.3% during the second quarter. Ritholtz Wealth Management now owns 55,878 shares of the company’s stock valued at $377,000 after acquiring an additional 1,762 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Mama’s Creations in the 1st quarter valued at about $56,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Mama’s Creations by 29.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 50,490 shares of the company’s stock worth $252,000 after purchasing an additional 11,490 shares during the period. Keynote Financial Services LLC purchased a new position in Mama’s Creations during the first quarter valued at approximately $76,000. Finally, American Century Companies Inc. raised its stake in Mama’s Creations by 53.2% in the second quarter. American Century Companies Inc. now owns 58,128 shares of the company’s stock worth $392,000 after buying an additional 20,191 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

Insider Activity

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction dated 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 owns 543,260 shares in the company, valued at approximately $4,030,989.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MAMA. Craig Hallum raised their price objective on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Roth Mkm reissued a “buy” rating and set a $10.00 target price (up previously from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $10.00.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $8.02 on Friday. The stock has a market cap of $298.85 million, a PE ratio of 53.47 and a beta of 1.03. Mama’s Creations, Inc. has a 52-week low of $3.31 and a 52-week high of $8.69. The business has a 50-day simple moving average of $7.82 and a 200-day simple moving average of $6.89. The company has a quick ratio of 1.17, a current ratio of 1.37 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

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.