Rice Hall James & Associates LLC Sells 67,317 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Rice Hall James & Associates LLC lessened its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,099 shares of the company's stock after selling 67,317 shares during the quarter. Rice Hall James & Associates LLC owned 1.00% of Mama's Creations worth $3,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Trail Ridge Investment Advisors LLC lifted its position in shares of Mama's Creations by 2.5% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company's stock worth $526,000 after buying an additional 1,715 shares during the period. Principal Financial Group Inc. lifted its position in shares of Mama's Creations by 9.1% during the 4th quarter. Principal Financial Group Inc. now owns 22,785 shares of the company's stock worth $181,000 after buying an additional 1,896 shares during the period. Evernest Financial Advisors LLC lifted its position in shares of Mama's Creations by 1.5% during the 4th quarter. Evernest Financial Advisors LLC now owns 190,907 shares of the company's stock worth $1,520,000 after buying an additional 2,907 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Mama's Creations by 0.8% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company's stock worth $2,797,000 after buying an additional 3,072 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Mama's Creations by 25.2% during the 4th quarter. SG Americas Securities LLC now owns 15,380 shares of the company's stock worth $122,000 after buying an additional 3,093 shares during the period. Institutional investors own 45.18% of the company's stock.

Mama's Creations Trading Down 9.2 %

Shares of MAMA stock traded down $0.64 on Friday, reaching $6.28. 586,220 shares of the stock were exchanged, compared to its average volume of 300,627. The stock has a market cap of $236.08 million, a PE ratio of 69.80 and a beta of 1.08. Mama's Creations, Inc. has a one year low of $4.38 and a one year high of $9.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a 50 day moving average price of $7.60 and a 200 day moving average price of $7.94.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Monday, December 16th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. During the same period in the prior year, the company posted $0.05 EPS. Equities research analysts forecast that Mama's Creations, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on MAMA shares. Roth Mkm reiterated a "buy" rating and issued a $11.00 price objective (up previously from $10.00) on shares of Mama's Creations in a research report on Tuesday, December 17th. Lake Street Capital lifted their price objective on Mama's Creations from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th.

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.