Mama’s Creations, Inc. (NASDAQ:MAMA) Stock Position Cut by Bard Associates Inc.

Bard Associates Inc. reduced its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 786,949 shares of the company’s stock after selling 31,700 shares during the period. Mama’s Creations accounts for about 2.0% of Bard Associates Inc.’s portfolio, making the stock its 4th largest position. Bard Associates Inc.’s holdings in Mama’s Creations were worth $5,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Planning Capital Management Corp acquired a new position in Mama’s Creations in the 3rd quarter worth approximately $36,000. Diamond Hill Capital Management Inc. raised its holdings in shares of Mama’s Creations by 0.8% during the third quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company’s stock worth $2,797,000 after purchasing an additional 3,072 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in Mama’s Creations during the third quarter valued at $234,000. Principal Financial Group Inc. purchased a new stake in Mama’s Creations in the third quarter valued at $152,000. Finally, VELA Investment Management LLC grew its position in Mama’s Creations by 5.7% during the 3rd quarter. VELA Investment Management LLC now owns 409,092 shares of the company’s stock worth $2,986,000 after purchasing an additional 21,940 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

MAMA has been the topic of several research reports. Roth Mkm reissued a “buy” rating and set a $10.00 target price (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Craig Hallum upped their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $10.00.

Mama’s Creations Trading Down 3.8 %

NASDAQ MAMA opened at $7.89 on Friday. The stock has a market cap of $296.51 million, a P/E ratio of 60.70 and a beta of 1.04. Mama’s Creations, Inc. has a 52 week low of $3.46 and a 52 week 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. The company’s fifty day simple moving average is $7.80 and its 200-day simple moving average is $7.39.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. The business had revenue of $28.38 million for the quarter, compared to analysts’ expectations of $27.80 million. During the same quarter last year, the company posted $0.05 earnings per share. Equities research analysts predict that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.00% of the stock is currently owned by insiders.

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.