Ancora Advisors LLC Raises Stock Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Ancora Advisors LLC increased its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 123.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,180 shares of the company’s stock after acquiring an additional 140,460 shares during the period. Ancora Advisors LLC owned approximately 0.68% of Mama’s Creations worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Mama’s Creations in the 1st quarter worth $56,000. Worth Venture Partners LLC purchased a new position in shares of Mama’s Creations during the 4th quarter valued at about $63,000. Onyx Bridge Wealth Group LLC purchased a new position in shares of Mama’s Creations during the 1st quarter valued at about $125,000. Quadrature Capital Ltd purchased a new position in shares of Mama’s Creations during the 4th quarter valued at about $182,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Mama’s Creations during the 4th quarter valued at about $191,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Price Performance

Shares of Mama’s Creations stock opened at $7.62 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. Mama’s Creations, Inc. has a twelve month low of $2.94 and a twelve month high of $8.37. The business has a 50-day moving average price of $7.06 and a 200 day moving average price of $5.80. The firm has a market cap of $283.92 million, a PE ratio of 50.80 and a beta of 1.09.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Mama’s Creations had a net margin of 5.19% and a return on equity of 31.02%. The business had revenue of $29.84 million during the quarter, compared to analysts’ expectations of $26.10 million. Sell-side analysts predict that Mama’s Creations, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAMA has been the subject of a number of recent research reports. Lake Street Capital lifted their price objective on Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Craig Hallum lifted their price objective on Mama’s Creations from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Roth Mkm reiterated a “buy” rating and set a $8.50 price objective (up previously from $6.50) on shares of Mama’s Creations in a research note on Wednesday, June 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.38.

About Mama’s Creations

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.