Tocqueville Asset Management L.P. Purchases New Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Tocqueville Asset Management L.P. purchased a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,725 shares of the company’s stock, valued at approximately $141,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAMA. FMR LLC lifted its stake in shares of Mama’s Creations by 23,422.7% during the 3rd quarter. FMR LLC now owns 5,175 shares of the company’s stock worth $38,000 after buying an additional 5,153 shares during the last quarter. SG Americas Securities LLC lifted its position in Mama’s Creations by 25.2% during the fourth quarter. SG Americas Securities LLC now owns 15,380 shares of the company’s stock worth $122,000 after acquiring an additional 3,093 shares during the last quarter. PEAK6 Investments LLC boosted its holdings in shares of Mama’s Creations by 28.1% during the third quarter. PEAK6 Investments LLC now owns 18,812 shares of the company’s stock worth $137,000 after acquiring an additional 4,127 shares during the period. MetLife Investment Management LLC grew its position in shares of Mama’s Creations by 129.1% in the third quarter. MetLife Investment Management LLC now owns 20,087 shares of the company’s stock valued at $147,000 after purchasing an additional 11,318 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Mama’s Creations during the third quarter worth approximately $152,000. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Stock Up 2.1 %

Shares of MAMA opened at $6.39 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. Mama’s Creations, Inc. has a 12 month low of $4.38 and a 12 month high of $9.98. The firm’s 50 day moving average is $6.93 and its 200-day moving average is $7.69. The stock has a market capitalization of $240.18 million, a PE ratio of 71.01 and a beta of 1.05.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Monday, December 16th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%. During the same period in the prior year, the business posted $0.05 EPS. Equities research analysts forecast that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

MAMA has been the subject of several recent research reports. Lake Street Capital boosted their price target on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reissued a “buy” rating and set a $11.00 target price (up previously from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th.

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.