Mama’s Creations, Inc. $MAMA Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 26.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 181,756 shares of the company’s stock after selling 64,661 shares during the period. Rice Hall James & Associates LLC’s holdings in Mama’s Creations were worth $2,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Mama’s Creations in the fourth quarter valued at approximately $1,016,000. Nicholas Company Inc. increased its holdings in shares of Mama’s Creations by 18.6% in the fourth quarter. Nicholas Company Inc. now owns 394,601 shares of the company’s stock valued at $5,323,000 after purchasing an additional 61,860 shares during the last quarter. Aristides Capital LLC increased its holdings in shares of Mama’s Creations by 72.5% in the third quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock valued at $3,251,000 after purchasing an additional 130,000 shares during the last quarter. UBS Group AG increased its holdings in shares of Mama’s Creations by 89.7% in the fourth quarter. UBS Group AG now owns 183,422 shares of the company’s stock valued at $2,474,000 after purchasing an additional 86,728 shares during the last quarter. Finally, Next Century Growth Investors LLC increased its holdings in shares of Mama’s Creations by 54.5% in the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after purchasing an additional 596,688 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MAMA shares. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a report on Wednesday, May 20th. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, Wall Street Zen raised Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Price Performance

MAMA stock opened at $15.12 on Wednesday. The business has a fifty day moving average of $14.57 and a two-hundred day moving average of $14.56. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The stock has a market cap of $615.54 million, a price-to-earnings ratio of 108.00 and a beta of 0.60. Mama’s Creations, Inc. has a 52-week low of $7.82 and a 52-week high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million during the quarter, compared to analysts’ expectations of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter last year, the firm earned $0.03 earnings per share. As a group, research analysts anticipate that Mama’s Creations, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at Mama’s Creations

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 completion of the sale, the chief executive officer owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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. 1.03% of the stock is currently owned by company insiders.

Mama’s Creations Profile

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.