Manatuck Hill Partners LLC Buys New Position in Mama's Creations, Inc. $MAMA

Key Points

• Manatuck Hill Partners purchased 375,500 shares of Mama’s Creations worth approximately $6.7 million, giving it a 0.92% stake and making the stock its 11th-largest portfolio position.
• Institutional interest increased broadly, with several funds initiating or expanding positions; hedge funds and other institutional investors now own approximately 45.18% of the company.
• Mama’s Creations exceeded quarterly expectations, reporting $0.05 in earnings per share versus a $0.03 estimate and $52.77 million in revenue versus $51.63 million expected. Analysts maintain a “Moderate Buy” consensus with an average price target of $19.83.

Manatuck Hill Partners LLC purchased a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 375,500 shares of the company's stock, valued at approximately $6,703,000. Mama's Creations makes up approximately 2.2% of Manatuck Hill Partners LLC's portfolio, making the stock its 11th largest position. Manatuck Hill Partners LLC owned approximately 0.92% of Mama's Creations at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAMA. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Mama's Creations in the second quarter valued at $10,860,000. Kornitzer Capital Management Inc. KS acquired a new position in Mama's Creations in the 4th quarter worth $1,016,000. Sei Investments Co. boosted its position in Mama's Creations by 97.5% in the 1st quarter. Sei Investments Co. now owns 314,640 shares of the company's stock valued at $4,827,000 after buying an additional 155,367 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Mama's Creations in the 2nd quarter valued at about $2,901,000. Finally, Next Century Growth Investors LLC grew its stake in shares of Mama's Creations by 54.5% during the fourth quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company's stock valued at $22,817,000 after acquiring an additional 596,688 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Up 0.8%

Shares of Mama's Creations stock opened at $16.64 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm has a market cap of $681.24 million, a P/E ratio of 118.86 and a beta of 0.56. Mama's Creations, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $21.00. The business has a 50-day moving average price of $17.91 and a 200 day moving average price of $16.10.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Monday, June 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $52.77 million during the quarter, compared to analyst estimates of $51.63 million. Mama's Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same quarter last year, the firm earned $0.03 EPS. On average, sell-side analysts forecast that Mama's Creations, Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAMA has been the topic of several recent analyst reports. William Blair initiated coverage on Mama's Creations in a research note on Friday, July 24th. They issued an "outperform" rating on the stock. Weiss Ratings lowered Mama's Creations from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 19th. Benchmark initiated coverage on Mama's Creations in a research report on Tuesday, July 21st. They issued a "buy" rating and a $25.00 target price on the stock. DA Davidson reiterated a "buy" rating and set a $25.00 target price on shares of Mama's Creations in a research note on Monday, July 13th. Finally, Zacks Research downgraded shares of Mama's Creations from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.83.

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. Its brands include MamaMancini's, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.

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