Calamos Advisors LLC Purchases 116,110 Shares of Mama’s Creations, Inc. $MAMA

Calamos Advisors LLC boosted its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 48.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,862 shares of the company’s stock after buying an additional 116,110 shares during the period. Calamos Advisors LLC owned about 0.95% of Mama’s Creations worth $2,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wesbanco Bank Inc. boosted its position in shares of Mama’s Creations by 75.0% during the 2nd 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 acquired a new position in Mama’s Creations in the first quarter worth about $388,000. Strs Ohio bought a new position in Mama’s Creations during the first quarter worth about $284,000. Expect Equity LLC lifted its stake in Mama’s Creations by 49.8% during the first quarter. Expect Equity LLC now owns 283,224 shares of the company’s stock worth $1,844,000 after purchasing an additional 94,117 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in 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 valued at $3,636,000 after purchasing an additional 148,147 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Insider Activity

In other Mama’s Creations news, Director Shirley Romig sold 4,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $174,475.02. This trade represents a 18.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Laurance Michaels sold 3,512 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $10.70, for a total transaction of $37,578.40. Following the transaction, the chief executive officer owned 595,148 shares in the company, valued at $6,368,083.60. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,732 shares of company stock valued at $788,544 in the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Mama’s Creations Trading Down 0.4%

MAMA stock opened at $10.28 on Friday. The business has a fifty day moving average price of $10.50 and a 200 day moving average price of $8.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15. Mama’s Creations, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $11.49. The stock has a market capitalization of $416.34 million, a price-to-earnings ratio of 93.46 and a beta of 0.68.

Mama’s Creations (NASDAQ:MAMA) last announced its 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 for the quarter, compared to analysts’ expectations of $33.18 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Analysts expect that Mama’s Creations, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Roth Capital increased their target price on Mama’s Creations from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Wall Street Zen cut 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. Lake Street Capital boosted their target price on shares of Mama’s Creations from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of Mama’s Creations in a report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

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.