Wesbanco Bank Inc. Makes New Investment in Mama's Creations, Inc. (NASDAQ:MAMA)

Wesbanco Bank Inc. acquired a new position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 78,000 shares of the company's stock, valued at approximately $508,000. Wesbanco Bank Inc. owned approximately 0.21% of Mama's Creations as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in MAMA. BNP Paribas Financial Markets acquired a new stake in shares of Mama's Creations during the 4th quarter worth approximately $68,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Mama's Creations by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock worth $101,000 after acquiring an additional 2,073 shares in the last quarter. SG Americas Securities LLC increased its stake in Mama's Creations by 25.2% during the 4th quarter. SG Americas Securities LLC now owns 15,380 shares of the company's stock worth $122,000 after purchasing an additional 3,093 shares in the last quarter. PEAK6 LLC bought a new stake in Mama's Creations in the 4th quarter valued at $137,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Mama's Creations during the fourth quarter worth about $141,000. Institutional investors and hedge funds own 45.18% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Roth Capital reissued a "buy" rating and set a $10.00 price target (up from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th.

Mama's Creations Stock Performance

Mama's Creations stock traded down $0.03 during trading hours on Friday, hitting $7.93. The company had a trading volume of 224,689 shares, compared to its average volume of 339,155. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a 50-day moving average of $7.05 and a 200 day moving average of $7.26. Mama's Creations, Inc. has a one year low of $5.50 and a one year high of $9.98. The firm has a market cap of $298.26 million, a PE ratio of 88.12 and a beta of 0.71.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $35.30 million for the quarter, compared to analyst estimates of $32.74 million. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%. On average, sell-side analysts expect that Mama's Creations, Inc. will post 0.09 earnings per share for the current 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.