Raymond James Financial Inc. Makes New Investment in Mama's Creations, Inc. (NASDAQ:MAMA)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in MAMA. SG Americas Securities LLC grew its holdings 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 acquiring an additional 3,093 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in Mama's Creations during the fourth quarter worth $141,000. Principal Financial Group Inc. bought a new stake in Mama's Creations during the 3rd quarter valued at $152,000. Barclays PLC increased its holdings in shares of Mama's Creations by 35.1% in the 3rd quarter. Barclays PLC now owns 47,055 shares of the company's stock valued at $343,000 after acquiring an additional 12,213 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Mama's Creations by 319.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,842 shares of the company's stock worth $430,000 after purchasing an additional 44,817 shares during the last quarter. Institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Up 0.9 %

MAMA traded up $0.06 on Wednesday, hitting $6.60. The company had a trading volume of 196,271 shares, compared to its average volume of 343,546. 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 stock has a fifty day moving average price of $6.41 and a 200-day moving average price of $7.38. Mama's Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $9.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%. The business had revenue of $33.59 million for the quarter, compared to analyst estimates of $31.02 million. Analysts predict that Mama's Creations, Inc. will post 0.09 EPS for the current fiscal year.

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.