Wesbanco Bank Inc. Invests $508,000 in Mama's Creations, Inc. (NASDAQ:MAMA)

Wesbanco Bank Inc. purchased a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 78,000 shares of the company's stock, valued at approximately $508,000. Wesbanco Bank Inc. owned about 0.21% of Mama's Creations as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

Mama's Creations Price Performance

Shares of MAMA traded down $0.09 during midday trading on Thursday, reaching $8.11. The stock had a trading volume of 43,436 shares, compared to its average volume of 341,710. The firm's 50 day moving average price is $7.01 and its 200-day moving average price is $7.30. The company has a market capitalization of $305.03 million, a P/E ratio of 90.12 and a beta of 0.71. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $9.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00.

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

Mama's Creations Company 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.