VELA Investment Management LLC Grows Stock Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

VELA Investment Management LLC increased its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 87.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 387,152 shares of the company's stock after acquiring an additional 181,088 shares during the period. VELA Investment Management LLC owned 1.04% of Mama's Creations worth $2,609,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MAMA. SG Americas Securities LLC acquired a new stake in Mama's Creations during the 1st quarter valued at $56,000. Worth Venture Partners LLC bought a new stake in shares of Mama's Creations in the fourth quarter valued at about $63,000. Keynote Financial Services LLC bought a new stake in shares of Mama's Creations in the first quarter valued at about $76,000. Onyx Bridge Wealth Group LLC bought a new stake in shares of Mama's Creations in the first quarter valued at about $125,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Mama's Creations in the fourth quarter valued at about $182,000. Institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Performance

Shares of MAMA stock traded down $0.13 during trading hours on Friday, hitting $7.65. 178,752 shares of the company were exchanged, compared to its average volume of 345,603. Mama's Creations, Inc. has a 52-week low of $3.31 and a 52-week high of $8.69. The stock has a market capitalization of $285.06 million, a price-to-earnings ratio of 51.33 and a beta of 1.05. The company has a current ratio of 1.37, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $7.66 and a 200 day simple moving average of $6.40.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The company had revenue of $29.84 million for the quarter, compared to the consensus estimate of $26.10 million. Mama's Creations had a return on equity of 31.02% and a net margin of 5.19%. Research analysts predict that Mama's Creations, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAMA has been the topic of a number of recent analyst reports. Roth Mkm reissued a "buy" rating and set a $8.50 price target (up previously from $6.50) on shares of Mama's Creations in a research report on Wednesday, June 12th. Craig Hallum upped their target price on Mama's Creations from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, June 12th. Finally, Lake Street Capital upped their target price on Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $9.38.

Mama's Creations Company 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.