Mama's Creations, Inc. $MAMA Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC reduced its stake in Mama's Creations by 39.7% in Q2, now holding approximately 1.61% of the company's shares valued at $5,019,000.
• Several institutional investors have increased their stakes in Mama's Creations, with Penn Capital Management increasing its position by 170.1% in Q1, now owning shares worth $2,167,000.
• Mama's Creations reported earnings of $0.03 per share, surpassing expectations, and has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target of $13.00.

Annex Advisory Services LLC decreased its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 39.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,750 shares of the company's stock after selling 397,689 shares during the quarter. Annex Advisory Services LLC owned about 1.61% of Mama's Creations worth $5,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. boosted its holdings in shares of Mama's Creations by 36.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 558,579 shares of the company's stock worth $3,636,000 after purchasing an additional 148,147 shares during the last quarter. VELA Investment Management LLC increased its position in shares of Mama's Creations by 17.2% during the first quarter. VELA Investment Management LLC now owns 476,353 shares of the company's stock worth $3,101,000 after acquiring an additional 69,749 shares during the period. Penn Capital Management Company LLC increased its position in shares of Mama's Creations by 170.1% during the first quarter. Penn Capital Management Company LLC now owns 332,948 shares of the company's stock worth $2,167,000 after acquiring an additional 209,680 shares during the period. Expect Equity LLC increased its position in shares of Mama's Creations by 49.8% during the first quarter. Expect Equity LLC now owns 283,224 shares of the company's stock worth $1,844,000 after acquiring an additional 94,117 shares during the period. Finally, Northern Trust Corp increased its position in shares of Mama's Creations by 2.6% during the fourth quarter. Northern Trust Corp now owns 268,933 shares of the company's stock worth $2,141,000 after acquiring an additional 6,728 shares during the period. Hedge funds and other institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Down 2.9%

Shares of MAMA traded down $0.32 during midday trading on Tuesday, hitting $10.63. The company had a trading volume of 415,004 shares, compared to its average volume of 285,596. The company's 50 day moving average price is $8.90 and its 200 day moving average price is $7.81. The stock has a market cap of $430.52 million, a price-to-earnings ratio of 96.60 and a beta of 0.65. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $11.49. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $33.18 million. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, equities research analysts predict that Mama's Creations, Inc. will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Lake Street Capital upped their price objective on shares of Mama's Creations from $11.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. DA Davidson assumed coverage on shares of Mama's Creations in a research note on Tuesday. They issued a "buy" rating and a $18.00 price objective for the company. Wall Street Zen downgraded shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Roth Capital upped their price objective on shares of Mama's Creations from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mama's Creations currently has an average rating of "Moderate Buy" and an average price target of $14.25.

Insider Activity at Mama's Creations

In other news, Director Shirley Romig sold 4,000 shares of Mama's Creations stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $10.18, for a total value of $40,720.00. Following the completion of the transaction, the director directly owned 17,139 shares of the company's stock, valued at approximately $174,475.02. The trade was a 18.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.50% of the company's stock.

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.