Allspring Global Investments Holdings LLC Makes New Investment in Mama’s Creations, Inc. (NASDAQ:MAMA)

Allspring Global Investments Holdings LLC acquired a new stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 151,508 shares of the company’s stock, valued at approximately $1,106,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Mama’s Creations in the first quarter valued at about $56,000. The Manufacturers Life Insurance Company bought a new position in shares of Mama’s Creations in the 2nd quarter worth about $86,000. Keynote Financial Services LLC acquired a new position in shares of Mama’s Creations in the 1st quarter valued at about $76,000. Squarepoint Ops LLC grew its position in shares of Mama’s Creations by 32.8% during the 2nd quarter. Squarepoint Ops LLC now owns 32,246 shares of the company’s stock valued at $217,000 after buying an additional 7,960 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in Mama’s Creations during the second quarter worth about $260,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Stock Down 7.3 %

Shares of NASDAQ MAMA opened at $7.45 on Friday. The stock has a market capitalization of $279.95 million, a P/E ratio of 57.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. Mama’s Creations, Inc. has a 52 week low of $3.31 and a 52 week high of $8.69. The stock’s fifty day moving average is $7.87 and its 200 day moving average is $7.21.

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

Analysts Set New Price Targets

MAMA has been the subject of several recent research reports. Craig Hallum upped 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 report on Wednesday, September 11th. Roth Mkm restated a “buy” rating and set a $10.00 price target (up 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, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $10.00.

Insiders Place Their Bets

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of Mama’s Creations stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total transaction of $488,963.16. Following the completion of the sale, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.

About Mama’s Creations

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.