Principal Financial Group Inc. Makes New $152,000 Investment in Mama’s Creations, Inc. (NASDAQ:MAMA)

Principal Financial Group Inc. purchased a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,889 shares of the company’s stock, valued at approximately $152,000. Principal Financial Group Inc. owned approximately 0.06% of Mama’s Creations at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Mama’s Creations in the first quarter valued at approximately $56,000. Keynote Financial Services LLC purchased a new stake in shares of Mama’s Creations in the 1st quarter valued at approximately $76,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Mama’s Creations in the 2nd quarter valued at $86,000. Ballentine Partners LLC purchased a new position in shares of Mama’s Creations in the 3rd quarter valued at about $110,000. Finally, Squarepoint Ops LLC raised its holdings in Mama’s Creations by 32.8% during the second quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock worth $217,000 after purchasing an additional 7,960 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Stock Up 1.5 %

Shares of NASDAQ:MAMA opened at $9.30 on Tuesday. Mama’s Creations, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $9.46. 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 firm’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $7.50. The company has a market cap of $349.49 million, a price-to-earnings ratio of 70.47 and a beta of 1.04.

Mama’s Creations (NASDAQ:MAMA) last released its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $28.38 million for the quarter, compared to analysts’ expectations of $27.80 million. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, equities research analysts predict that Mama’s Creations, Inc. will post 0.14 earnings per share for the current year.

Insider Activity

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the completion of the transaction, the chief executive officer now directly owns 543,260 shares in the company, valued at approximately $4,030,989.20. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MAMA shares. Craig Hallum lifted their target price on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Roth Mkm restated a “buy” rating and issued a $10.00 price objective (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, Based on data from MarketBeat.com, Mama’s Creations currently has a consensus 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.