VELA Investment Management LLC Sells 2,488 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

VELA Investment Management LLC cut its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 406,604 shares of the company’s stock after selling 2,488 shares during the quarter. Mama’s Creations comprises 0.9% of VELA Investment Management LLC’s portfolio, making the stock its 22nd largest position. VELA Investment Management LLC owned approximately 1.08% of Mama’s Creations worth $3,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Mama’s Creations by 9.1% in the fourth 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 last quarter. Conestoga Capital Advisors LLC boosted its stake in Mama’s Creations by 17.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 193,550 shares of the company’s stock valued at $1,541,000 after acquiring an additional 28,450 shares during the last quarter. Evernest Financial Advisors LLC boosted its stake in Mama’s Creations by 1.5% in the fourth quarter. Evernest Financial Advisors LLC now owns 190,907 shares of the company’s stock valued at $1,520,000 after acquiring an additional 2,907 shares during 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 during the last quarter. Finally, Annex Advisory Services LLC boosted its stake in Mama’s Creations by 71.0% in the fourth quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company’s stock valued at $9,722,000 after acquiring an additional 507,065 shares during the last quarter. 45.18% of the stock is owned by institutional investors.

Mama’s Creations Trading Down 7.0 %

MAMA opened at $5.96 on Friday. Mama’s Creations, Inc. has a twelve month low of $4.38 and a twelve 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. The firm’s fifty day moving average is $7.40 and its two-hundred day moving average is $7.91. The firm has a market cap of $224.02 million, a PE ratio of 66.23 and a beta of 1.08.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Monday, December 16th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%. During the same quarter last year, the business earned $0.05 EPS. Equities research analysts anticipate that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

MAMA has been the topic of a number of recent research reports. Lake Street Capital raised their price objective on shares of Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reiterated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th.

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.