Thompson Siegel & Walmsley LLC Has $2.69 Million Stock Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Thompson Siegel & Walmsley LLC cut its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,532 shares of the company's stock after selling 70,610 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.98% of Mama's Creations worth $2,690,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Planning Capital Management Corp acquired a new stake in Mama's Creations during the third quarter worth approximately $36,000. SG Americas Securities LLC acquired a new stake in Mama's Creations during the first quarter worth approximately $56,000. The Manufacturers Life Insurance Company acquired a new stake in Mama's Creations during the second quarter worth approximately $86,000. Ballentine Partners LLC acquired a new stake in Mama's Creations during the third quarter worth approximately $110,000. Finally, Keynote Financial Services LLC acquired a new stake in Mama's Creations during the first quarter worth approximately $76,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAMA shares. Roth Mkm reissued a "buy" rating and issued a $10.00 target price (up previously from $8.50) on shares of Mama's Creations in a research note on Wednesday, September 11th. Craig Hallum raised their price objective on shares of Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Mama's Creations has an average rating of "Buy" and an average target price of $10.00.

Insider Buying and Selling

In other news, CEO Adam Laurance Michaels sold 65,898 shares of Mama's Creations stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the transaction, the chief executive officer now directly owns 543,260 shares of the company's stock, valued at $4,030,989.20. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.00% of the company's stock.

Mama's Creations Stock Performance

Mama's Creations stock traded up $0.49 during midday trading on Friday, reaching $9.16. 260,995 shares of the stock traded hands, compared to its average volume of 254,567. 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 firm has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $7.48. The firm has a market cap of $344.21 million, a price-to-earnings ratio of 70.46 and a beta of 1.04. Mama's Creations, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $9.20.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a net margin of 4.51% and a return on equity of 25.53%. The company 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 firm earned $0.05 EPS. On average, equities research analysts forecast that Mama's Creations, Inc. will post 0.14 earnings per share for the current 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.