Apis Capital Advisors LLC Sells 119,385 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Apis Capital Advisors LLC lessened its stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 26.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 330,000 shares of the company's stock after selling 119,385 shares during the quarter. Mama's Creations makes up approximately 1.7% of Apis Capital Advisors LLC's portfolio, making the stock its 17th biggest holding. Apis Capital Advisors LLC owned 0.88% of Mama's Creations worth $2,627,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Annex Advisory Services LLC lifted its position in shares of Mama's Creations by 71.0% during the fourth 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 in the last quarter. Wasatch Advisors LP raised its stake in Mama's Creations by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 4,063,991 shares of the company's stock valued at $32,349,000 after purchasing an additional 476,562 shares in the last quarter. Grandeur Peak Global Advisors LLC bought a new stake in shares of Mama's Creations during the 4th quarter worth $3,748,000. First Eagle Investment Management LLC increased its stake in Mama's Creations by 22.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company's stock valued at $9,038,000 after acquiring an additional 210,045 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Mama's Creations during the fourth quarter worth about $1,333,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

Mama's Creations Price Performance

MAMA traded down $0.08 during midday trading on Tuesday, hitting $6.55. The stock had a trading volume of 119,885 shares, compared to its average volume of 344,135. The company has a market cap of $246.25 million, a P/E ratio of 72.79 and a beta of 0.64. Mama's Creations, Inc. has a 1 year low of $5.50 and a 1 year high of $9.98. The business has a fifty day moving average of $6.39 and a 200 day moving average of $7.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business 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%. As a group, equities analysts forecast that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Mama's Creations Profile

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.