Thompson Siegel & Walmsley LLC Sells 165,334 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Thompson Siegel & Walmsley LLC lowered its position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 27.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,142 shares of the company's stock after selling 165,334 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 1.18% of Mama's Creations worth $2,960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Mama's Creations by 53.2% in the 2nd quarter. American Century Companies Inc. now owns 58,128 shares of the company's stock worth $392,000 after purchasing an additional 20,191 shares during the last quarter. Evernest Financial Advisors LLC purchased a new position in shares of Mama's Creations in the 2nd quarter worth about $337,000. Rice Hall James & Associates LLC raised its position in shares of Mama's Creations by 5.1% in the 2nd quarter. Rice Hall James & Associates LLC now owns 446,004 shares of the company's stock worth $3,006,000 after purchasing an additional 21,790 shares during the last quarter. VELA Investment Management LLC raised its position in shares of Mama's Creations by 87.9% in the 2nd quarter. VELA Investment Management LLC now owns 387,152 shares of the company's stock worth $2,609,000 after purchasing an additional 181,088 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Mama's Creations in the 2nd quarter worth about $260,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MAMA shares. Craig Hallum lifted their price target 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. Lake Street Capital lifted their price objective on Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, June 12th. Finally, Roth Mkm reiterated a "buy" rating and issued a $10.00 price objective (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 company presently has a consensus rating of "Buy" and a consensus target price of $10.00.

Mama's Creations Stock Performance

Shares of Mama's Creations stock traded down $0.17 during trading hours on Tuesday, reaching $7.68. 202,790 shares of the stock traded hands, compared to its average volume of 349,362. The company has a 50 day moving average price of $7.76 and a 200 day moving average price of $6.58. The firm has a market capitalization of $286.18 million, a price-to-earnings ratio of 52.33 and a beta of 1.05. Mama's Creations, Inc. has a one year low of $3.31 and a one year high of $8.69. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $28.38 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.05 EPS. On average, equities research analysts expect that Mama's Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

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.