The Manufacturers Life Insurance Company Acquires Shares of 12,822 Mama’s Creations, Inc. (NASDAQ:MAMA)

The Manufacturers Life Insurance Company acquired a new position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,822 shares of the company’s stock, valued at approximately $86,000.

Several other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC increased its holdings in Mama’s Creations by 32.8% in the second quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock valued at $217,000 after buying an additional 7,960 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Mama’s Creations by 106.6% during the 2nd quarter. Marshall Wace LLP now owns 58,689 shares of the company’s stock worth $396,000 after acquiring an additional 30,286 shares in the last quarter. Apis Capital Advisors LLC increased its holdings in shares of Mama’s Creations by 5.2% in 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 last quarter. First Eagle Investment Management LLC raised its position 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 worth $4,175,000 after acquiring an additional 386,542 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Mama’s Creations by 75.1% during the second quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock worth $2,974,000 after purchasing an additional 189,247 shares during the last quarter. 45.18% of the stock is owned by hedge funds and other institutional investors.

Mama’s Creations Price Performance

MAMA stock opened at $7.94 on Monday. The business has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $7.05. The company has a market capitalization of $295.87 million, a P/E ratio of 52.93 and a beta of 1.03. Mama’s Creations, Inc. has a twelve month low of $3.31 and a twelve month high of $8.69. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $28.38 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.05 EPS. As a group, equities analysts anticipate that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

MAMA has been the topic of several recent analyst reports. Craig Hallum increased their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 target price (up 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, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $10.00.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 543,260 shares of the company’s stock, valued at $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 available at the SEC website. Corporate insiders own 10.00% of the company’s stock.

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.