Raymond James Financial Inc. Invests $1.33 Million in Mama's Creations, Inc. (NASDAQ:MAMA)

Raymond James Financial Inc. purchased a new position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,471 shares of the company's stock, valued at approximately $1,333,000. Raymond James Financial Inc. owned approximately 0.45% of Mama's Creations as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Mama's Creations by 9.1% during the fourth quarter. Principal Financial Group Inc. now owns 22,785 shares of the company's stock worth $181,000 after purchasing an additional 1,896 shares during the period. Geode Capital Management LLC grew its stake in shares of Mama's Creations by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock worth $6,033,000 after acquiring an additional 2,305 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in shares of Mama's Creations by 0.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 371,309 shares of the company's stock valued at $2,956,000 after acquiring an additional 2,777 shares during the period. Evernest Financial Advisors LLC lifted its position 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 buying an additional 2,907 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Mama's Creations by 25.2% during the fourth quarter. SG Americas Securities LLC now owns 15,380 shares of the company's stock valued at $122,000 after buying an additional 3,093 shares during the period. Institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Down 1.8 %

Shares of MAMA traded down $0.12 during midday trading on Friday, hitting $6.60. 41,092 shares of the company's stock traded hands, compared to its average volume of 343,313. The firm's fifty day moving average is $6.43 and its 200-day moving average is $7.36. The stock has a market capitalization of $248.13 million, a price-to-earnings ratio of 73.34 and a beta of 0.64. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. Mama's Creations, Inc. has a 1 year low of $5.50 and a 1 year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. The company had revenue of $33.59 million for the quarter, compared to analysts' expectations of $31.02 million. As a group, sell-side analysts anticipate that Mama's Creations, Inc. will post 0.09 earnings per share for the current 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.