SG Americas Securities LLC Purchases New Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

SG Americas Securities LLC acquired a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,287 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors have also added to or reduced their stakes in MAMA. The Manufacturers Life Insurance Company purchased a new position in shares of Mama’s Creations in the second quarter worth $86,000. Squarepoint Ops LLC raised its position in Mama’s Creations by 32.8% in the 2nd quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock worth $217,000 after buying an additional 7,960 shares during the last quarter. Marshall Wace LLP raised its position in Mama’s Creations by 106.6% in the 2nd quarter. Marshall Wace LLP now owns 58,689 shares of the company’s stock worth $396,000 after buying an additional 30,286 shares during the last quarter. Apis Capital Advisors LLC lifted its stake in Mama’s Creations by 5.2% during the 2nd quarter. Apis Capital Advisors LLC now owns 462,000 shares of the company’s stock valued at $3,114,000 after acquiring an additional 23,000 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Mama’s Creations by 166.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock valued at $4,175,000 after acquiring an additional 386,542 shares during the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $7.71 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $287.30 million, a PE ratio of 51.40 and a beta of 1.03. The firm’s 50 day moving average price is $7.89 and its 200-day moving average price is $7.16. Mama’s Creations, Inc. has a twelve month low of $3.31 and a twelve month high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business 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 last year, the firm earned $0.05 earnings per share. Equities research analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Laurance Michaels sold 65,898 shares of Mama’s Creations stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total transaction of $488,963.16. Following the transaction, the chief executive officer now directly owns 543,260 shares in the company, valued at approximately $4,030,989.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.