Renaissance Technologies LLC Purchases 189,247 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Renaissance Technologies LLC grew its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 75.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 441,200 shares of the company's stock after purchasing an additional 189,247 shares during the quarter. Renaissance Technologies LLC owned approximately 1.18% of Mama's Creations worth $2,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Wasatch Advisors LP acquired a new stake in shares of Mama's Creations during the 4th quarter worth $19,069,000. Perritt Capital Management Inc. bought a new stake in shares of Mama's Creations in the 4th quarter valued at approximately $1,369,000. First Eagle Investment Management LLC acquired a new stake in shares of Mama's Creations during the first quarter worth $1,164,000. Aristides Capital LLC bought a new position in Mama's Creations during the 4th quarter worth $576,000. Finally, Russell Investments Group Ltd. lifted its position in Mama's Creations by 185.4% in the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company's stock valued at $3,955,000 after purchasing an additional 513,824 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company's stock.

Insider Activity

In other news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 543,260 shares in the company, valued at approximately $4,030,989.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 10.00% of the company's stock.

Wall Street Analyst Weigh In

MAMA has been the topic of several recent analyst reports. Roth Mkm reissued a "buy" rating and set a $10.00 price target (up from $8.50) on shares of Mama's Creations in a research report on Wednesday, September 11th. Craig Hallum upped their price target on shares of Mama's Creations from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Finally, Lake Street Capital boosted their price objective on Mama's Creations from $7.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $10.00.

Mama's Creations Trading Up 3.0 %

MAMA traded up $0.22 during midday trading on Tuesday, reaching $7.52. 357,365 shares of the company were exchanged, compared to its average volume of 347,141. The stock has a market capitalization of $280.22 million, a P/E ratio of 47.93 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 stock's 50-day simple moving average is $7.75 and its 200 day simple moving average is $6.75. 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 (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 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 analysts' expectations of $27.80 million. Mama's Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, analysts forecast that Mama's Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

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.