Mama’s Creations, Inc. $MAMA Stake Reduced by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 73.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the company’s stock after selling 45,008 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Mama’s Creations were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MAMA. AlphaQuest LLC bought a new position in Mama’s Creations during the 1st quarter worth $35,000. Legato Capital Management LLC bought a new position in Mama’s Creations during the 1st quarter worth $71,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mama’s Creations during the 1st quarter worth $116,000. Strs Ohio bought a new position in Mama’s Creations during the 1st quarter worth $284,000. Finally, Rhumbline Advisers grew its stake in Mama’s Creations by 5.0% during the 1st quarter. Rhumbline Advisers now owns 44,699 shares of the company’s stock worth $291,000 after buying an additional 2,146 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors.

Mama’s Creations Trading Down 2.3%

NASDAQ:MAMA opened at $10.59 on Monday. Mama’s Creations, Inc. has a 1 year low of $5.50 and a 1 year high of $11.49. The stock has a market cap of $428.90 million, a price-to-earnings ratio of 96.28 and a beta of 0.68. The business has a fifty day moving average of $10.15 and a 200-day moving average of $8.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.15 and a current ratio of 1.58.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $18.00 price objective on shares of Mama’s Creations in a research report on Tuesday, October 14th. Lake Street Capital boosted their price objective on Mama’s Creations from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Mama’s Creations in a research note on Wednesday, October 8th. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Insider Buying and Selling at Mama’s Creations

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

Mama’s Creations Company 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.