Penn Capital Management Company LLC Makes New $981,000 Investment in Mama's Creations, Inc. (NASDAQ:MAMA)

Penn Capital Management Company LLC purchased a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 123,268 shares of the company's stock, valued at approximately $981,000. Penn Capital Management Company LLC owned 0.33% of Mama's Creations as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its stake in Mama's Creations by 13.3% during the fourth quarter. Wasatch Advisors LP now owns 4,063,991 shares of the company's stock worth $32,349,000 after buying an additional 476,562 shares during the last quarter. Annex Advisory Services LLC grew its position in Mama's Creations by 71.0% during the 4th quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company's stock worth $9,722,000 after acquiring an additional 507,065 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Mama's Creations by 22.7% during the 4th quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company's stock valued at $9,038,000 after purchasing an additional 210,045 shares in the last quarter. Geode Capital Management LLC raised its position in Mama's Creations by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock valued at $6,033,000 after purchasing an additional 2,305 shares during the last quarter. Finally, State Street Corp boosted its stake in Mama's Creations by 20.7% in the third quarter. State Street Corp now owns 489,623 shares of the company's stock worth $3,574,000 after purchasing an additional 84,050 shares in the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama's Creations Price Performance

Shares of MAMA stock remained flat at $6.46 during trading hours on Monday. The stock had a trading volume of 179,701 shares, compared to its average volume of 349,394. The company has a 50 day moving average price of $6.38 and a 200-day moving average price of $7.44. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. Mama's Creations, Inc. has a 12 month low of $5.50 and a 12 month high of $9.98. The firm has a market cap of $242.87 million, a PE ratio of 71.79 and a beta of 0.95.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $33.59 million during the quarter, compared to the consensus estimate of $31.02 million. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%. Equities research analysts forecast that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

About Mama's Creations

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.