SG Capital Management LLC Trims Stake in Mama’s Creations, Inc. $MAMA

SG Capital Management LLC lessened its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 75.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 44,729 shares of the company’s stock after selling 137,830 shares during the period. SG Capital Management LLC’s holdings in Mama’s Creations were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Wesbanco Bank Inc. lifted its position in shares of Mama’s Creations by 75.0% in the second quarter. Wesbanco Bank Inc. now owns 136,500 shares of the company’s stock valued at $1,133,000 after acquiring an additional 58,500 shares in the last quarter. Nuveen LLC purchased a new position in Mama’s Creations in the 1st quarter valued at about $388,000. Strs Ohio acquired a new stake in shares of Mama’s Creations during the 1st quarter worth about $284,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Mama’s Creations by 36.1% during the first quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company’s stock worth $3,636,000 after buying an additional 148,147 shares in the last quarter. Finally, Expect Equity LLC raised its position in shares of Mama’s Creations by 49.8% in the first quarter. Expect Equity LLC now owns 283,224 shares of the company’s stock valued at $1,844,000 after buying an additional 94,117 shares during the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Price Performance

Shares of Mama’s Creations stock opened at $10.27 on Friday. The business’s fifty day moving average price is $10.52 and its 200 day moving average price is $8.94. Mama’s Creations, Inc. has a twelve month low of $5.50 and a twelve month high of $11.49. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $415.94 million, a P/E ratio of 93.37 and a beta of 0.68.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, September 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 17.41% and a net margin of 3.34%.The company had revenue of $35.20 million during the quarter, compared to analyst estimates of $33.18 million. During the same period in the prior year, the firm posted $0.03 earnings per share. As a group, research analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

Insider Activity at Mama’s Creations

In other news, Director Shirley Romig sold 4,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at $174,475.02. This represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Laurance Michaels sold 3,512 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $10.70, for a total transaction of $37,578.40. Following the completion of the transaction, the chief executive officer directly owned 595,148 shares in the company, valued at approximately $6,368,083.60. This represents a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 72,732 shares of company stock valued at $788,544. 6.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on MAMA shares. Lake Street Capital raised their target price on shares of Mama’s Creations from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. DA Davidson reissued a “buy” rating and issued a $18.00 price target on shares of Mama’s Creations in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mama’s Creations in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.25.

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.