Marshall Wace LLP Grows Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Marshall Wace LLP grew its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 106.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,689 shares of the company’s stock after purchasing an additional 30,286 shares during the period. Marshall Wace LLP owned approximately 0.16% of Mama’s Creations worth $396,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MAMA. Perritt Capital Management Inc. purchased a new stake in Mama’s Creations in the fourth quarter valued at about $1,369,000. First Eagle Investment Management LLC purchased a new position in shares of Mama’s Creations in the 1st quarter valued at approximately $1,164,000. Russell Investments Group Ltd. boosted its stake in Mama’s Creations by 185.4% in the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after purchasing an additional 513,824 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in Mama’s Creations during the 2nd quarter worth approximately $607,000. Finally, Ancora Advisors LLC increased its stake in Mama’s Creations by 123.5% during the 1st quarter. Ancora Advisors LLC now owns 254,180 shares of the company’s stock valued at $1,271,000 after purchasing an additional 140,460 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Stock Down 1.4 %

NASDAQ:MAMA opened at $8.02 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. The company’s fifty day moving average price is $7.82 and its 200-day moving average price is $6.89. Mama’s Creations, Inc. has a 1-year low of $3.31 and a 1-year high of $8.69. The firm has a market capitalization of $298.85 million, a P/E ratio of 53.47 and a beta of 1.03.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The business had revenue of $28.38 million during the quarter, compared to analyst estimates of $27.80 million. During the same quarter last year, the business posted $0.05 EPS. As a group, equities research analysts anticipate that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAMA. Craig Hallum lifted their price objective on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $10.00.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the sale, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 10.00% of the company’s stock.

Mama’s Creations Company 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.