Nicholas Company Inc. Grows Stock Position in Mama’s Creations, Inc. $MAMA

Nicholas Company Inc. boosted its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 18.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 394,601 shares of the company’s stock after buying an additional 61,860 shares during the period. Nicholas Company Inc. owned approximately 0.97% of Mama’s Creations worth $5,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in Mama’s Creations during the 4th quarter valued at $63,000. SG Americas Securities LLC purchased a new stake in Mama’s Creations during the 4th quarter valued at $119,000. Verition Fund Management LLC purchased a new stake in Mama’s Creations during the 3rd quarter valued at $105,000. Walleye Capital LLC purchased a new stake in Mama’s Creations during the 2nd quarter valued at $87,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Mama’s Creations during the 3rd quarter valued at $117,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson increased their price target on Mama’s Creations to $25.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.80.

Mama’s Creations Price Performance

Shares of MAMA stock opened at $13.20 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. The company has a market capitalization of $536.71 million, a P/E ratio of 110.00 and a beta of 0.64. The company’s 50-day simple moving average is $15.31 and its two-hundred day simple moving average is $13.79. Mama’s Creations, Inc. has a one year low of $6.37 and a one year high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. As a group, equities analysts anticipate that Mama’s Creations, Inc. will post 0.25 EPS for the current year.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total transaction of $248,211.90. Following the transaction, the chief executive officer directly owned 695,288 shares in the company, valued at $10,637,906.40. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 6.50% of the stock is owned by insiders.

About Mama’s Creations

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.