Thompson Siegel & Walmsley LLC Sells 70,610 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

Thompson Siegel & Walmsley LLC reduced its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 16.1% in the third quarter, Holdings Channel.com reports. The fund owned 368,532 shares of the company’s stock after selling 70,610 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Mama’s Creations were worth $2,690,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have commented on MAMA. Craig Hallum lifted their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reiterated a “buy” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Mama’s Creations presently has an average rating of “Buy” and a consensus target price of $10.00.

Mama’s Creations Stock Performance

Shares of Mama’s Creations stock opened at $9.16 on Friday. 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 business has a fifty day simple moving average of $7.83 and a two-hundred day simple moving average of $7.47. The firm has a market capitalization of $344.23 million, a P/E ratio of 66.70 and a beta of 1.04. Mama’s Creations, Inc. has a 12 month low of $3.46 and a 12 month high of $9.20.

Mama’s Creations (NASDAQ:MAMA) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The company had revenue of $28.38 million during the quarter, compared to analyst estimates of $27.80 million. During the same quarter last year, the company earned $0.05 EPS. On average, equities analysts forecast that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the transaction, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is 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.