165,100 Shares in Mama's Creations, Inc. (NASDAQ:MAMA) Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC purchased a new stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 165,100 shares of the company's stock, valued at approximately $1,205,000. Conestoga Capital Advisors LLC owned 0.44% of Mama's Creations as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MAMA. Trail Ridge Investment Advisors LLC increased its position in shares of Mama's Creations by 2.5% during the third quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company's stock valued at $526,000 after purchasing an additional 1,715 shares during the period. Ritholtz Wealth Management raised its stake in shares of Mama's Creations by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 55,878 shares of the company's stock valued at $377,000 after buying an additional 1,762 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Mama's Creations by 32.8% during the 2nd quarter. Squarepoint Ops LLC now owns 32,246 shares of the company's stock worth $217,000 after acquiring an additional 7,960 shares during the period. SG Americas Securities LLC bought a new position in shares of Mama's Creations during the 1st quarter worth about $56,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Mama's Creations by 29.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 50,490 shares of the company's stock valued at $252,000 after acquiring an additional 11,490 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company's stock.

Mama's Creations Price Performance

MAMA stock traded down $0.29 during trading on Friday, hitting $7.17. 554,090 shares of the stock traded hands, compared to its average volume of 336,067. 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 stock has a market cap of $269.26 million, a price-to-earnings ratio of 53.77 and a beta of 1.03. Mama's Creations, Inc. has a one year low of $3.38 and a one year high of $8.69. The company has a 50 day simple moving average of $7.85 and a 200 day simple moving average of $7.21.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping 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 business had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. During the same period in the previous year, the business earned $0.05 EPS. Equities analysts expect that Mama's Creations, Inc. will post 0.14 EPS for the current fiscal year.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the company's 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 transaction, the chief executive officer now owns 543,260 shares in the company, valued at $4,030,989.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on MAMA shares. Craig Hallum increased their price target on shares of Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Roth Mkm reissued a "buy" rating and issued a $10.00 target price (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, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $10.00.

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.