Diamond Hill Capital Management Inc. Boosts Stake in Mama’s Creations, Inc. (NASDAQ:MAMA)

Diamond Hill Capital Management Inc. boosted its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 383,164 shares of the company’s stock after buying an additional 3,072 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 1.02% of Mama’s Creations worth $2,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Mama’s Creations by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock valued at $7,400,000 after buying an additional 45,500 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Mama’s Creations by 185.4% during the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock worth $3,955,000 after purchasing an additional 513,824 shares during the period. Annex Advisory Services LLC lifted its stake in shares of Mama’s Creations by 693.5% during the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company’s stock worth $5,214,000 after purchasing an additional 624,289 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Mama’s Creations by 166.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company’s stock worth $4,175,000 after purchasing an additional 386,542 shares during the period. Finally, Apis Capital Advisors LLC lifted its stake in shares of Mama’s Creations by 5.2% during the 2nd quarter. Apis Capital Advisors LLC now owns 462,000 shares of the company’s stock worth $3,114,000 after purchasing an additional 23,000 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Trading Up 6.5 %

Shares of MAMA opened at $8.38 on Tuesday. 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 firm has a market capitalization of $314.92 million, a P/E ratio of 64.47 and a beta of 1.04. The stock’s fifty day simple moving average is $7.78 and its 200 day simple moving average is $7.35. Mama’s Creations, Inc. has a twelve month low of $3.38 and a twelve month high of $8.69.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $28.38 million during the quarter, compared to the consensus estimate of $27.80 million. During the same period in the prior year, the firm earned $0.05 EPS. On average, equities research analysts forecast that Mama’s Creations, Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAMA. Roth Mkm reissued a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Craig Hallum increased their target price on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.00.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value 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 approximately $4,030,989.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.