Next Century Growth Investors LLC Has $22.82 Million Holdings in Mama’s Creations, Inc. $MAMA

Next Century Growth Investors LLC raised its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 54.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,691,395 shares of the company’s stock after purchasing an additional 596,688 shares during the quarter. Mama’s Creations makes up approximately 1.6% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 16th largest holding. Next Century Growth Investors LLC owned approximately 4.16% of Mama’s Creations worth $22,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAMA. Park West Asset Management LLC bought a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $8,408,000. Alyeska Investment Group L.P. bought a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $4,182,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $2,047,000. Royce & Associates LP bought a new position in shares of Mama’s Creations during the 4th quarter worth approximately $2,834,000. Finally, Aristides Capital LLC boosted its holdings in shares of Mama’s Creations by 72.5% during the 3rd quarter. Aristides Capital LLC now owns 309,305 shares of the company’s stock worth $3,251,000 after buying an additional 130,000 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Price Performance

Shares of NASDAQ:MAMA opened at $14.91 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Mama’s Creations, Inc. has a twelve month low of $7.75 and a twelve month high of $17.85. The stock’s 50 day moving average is $14.57 and its 200-day moving average is $14.48. The firm has a market capitalization of $606.99 million, a price-to-earnings ratio of 106.50 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The company had revenue of $52.77 million for the quarter, compared to analyst estimates of $51.63 million. During the same period in the prior year, the firm earned $0.03 earnings per share. Sell-side analysts forecast that Mama’s Creations, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Zacks Research cut Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a report on Wednesday, May 20th. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s 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 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.