Conestoga Capital Advisors LLC Invests $1.21 Million in Mama’s Creations, Inc. (NASDAQ:MAMA)

Conestoga Capital Advisors LLC purchased a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 165,100 shares of the company’s stock, valued at approximately $1,205,000.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Mama’s Creations during the 1st quarter valued at $56,000. The Manufacturers Life Insurance Company purchased a new position in shares of Mama’s Creations in the 2nd quarter worth about $86,000. Ballentine Partners LLC purchased a new position in shares of Mama’s Creations in the 3rd quarter worth about $110,000. Keynote Financial Services LLC purchased a new position in Mama’s Creations in the 1st quarter worth about $76,000. Finally, Riverwater Partners LLC purchased a new position in Mama’s Creations in the 3rd quarter worth about $237,000. Institutional investors own 45.18% of the company’s stock.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares of the company’s stock, valued at $4,030,989.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Craig Hallum upped their price target on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Roth Mkm reaffirmed a “buy” rating and set a $10.00 price target (up previously from $8.50) on shares of Mama’s Creations in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $10.00.

Mama’s Creations Stock Down 4.8 %

Shares of MAMA stock traded down $0.36 during trading hours on Friday, reaching $7.09. 327,698 shares of the company’s stock were exchanged, compared to its average volume of 334,888. The company has a current ratio of 1.37, a quick ratio of 1.17 and a debt-to-equity ratio of 0.18. Mama’s Creations, Inc. has a 1 year low of $3.38 and a 1 year high of $8.69. The stock has a market cap of $266.44 million, a PE ratio of 53.77 and a beta of 1.03. The stock’s fifty day moving average price is $7.85 and its two-hundred day moving average price is $7.21.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $28.38 million during the quarter, compared to analysts’ expectations of $27.80 million. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same period in the previous year, the business earned $0.05 earnings per share. Research analysts predict that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

Mama’s Creations Company Profile

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.