Penn Capital Management Company LLC Buys New Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Penn Capital Management Company LLC bought a new position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,268 shares of the company's stock, valued at approximately $981,000. Penn Capital Management Company LLC owned about 0.33% of Mama's Creations at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Mama's Creations by 9.1% during the 4th quarter. Principal Financial Group Inc. now owns 22,785 shares of the company's stock valued at $181,000 after acquiring an additional 1,896 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mama's Creations by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $101,000 after buying an additional 2,073 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mama's Creations by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock worth $6,033,000 after buying an additional 2,305 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Mama's Creations by 0.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 371,309 shares of the company's stock worth $2,956,000 after acquiring an additional 2,777 shares during the period. Finally, Evernest Financial Advisors LLC grew its holdings in shares of Mama's Creations by 1.5% in the fourth quarter. Evernest Financial Advisors LLC now owns 190,907 shares of the company's stock worth $1,520,000 after acquiring an additional 2,907 shares during the period. 45.18% of the stock is currently owned by institutional investors.

Mama's Creations Stock Performance

MAMA stock traded up $0.13 during trading on Wednesday, reaching $6.59. The stock had a trading volume of 33,201 shares, compared to its average volume of 347,898. The firm has a market cap of $247.76 million, a PE ratio of 73.23 and a beta of 0.95. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average is $6.36 and its two-hundred day moving average is $7.43. Mama's Creations, Inc. has a 52 week low of $5.50 and a 52 week high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $33.59 million for the quarter, compared to analysts' expectations 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 anticipate 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.