Aristides Capital LLC Trims Holdings in Mama’s Creations, Inc. $MAMA

Aristides Capital LLC lowered its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 29.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 217,965 shares of the company’s stock after selling 91,340 shares during the quarter. Mama’s Creations makes up approximately 0.4% of Aristides Capital LLC’s holdings, making the stock its 22nd biggest holding. Aristides Capital LLC’s holdings in Mama’s Creations were worth $2,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park West Asset Management LLC purchased a new stake in Mama’s Creations in the third quarter valued at approximately $8,408,000. Next Century Growth Investors LLC lifted its stake in shares of Mama’s Creations by 54.5% in the 4th quarter. Next Century Growth Investors LLC now owns 1,691,395 shares of the company’s stock valued at $22,817,000 after purchasing an additional 596,688 shares in the last quarter. Pillsbury Lake Capital LLC acquired a new stake in Mama’s Creations during the 4th quarter worth approximately $6,653,000. Alyeska Investment Group L.P. acquired a new position in Mama’s Creations during the third quarter valued at approximately $4,182,000. Finally, Wellington Management Group LLP purchased a new stake in Mama’s Creations during the fourth quarter worth approximately $3,897,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Price Performance

Shares of MAMA opened at $17.77 on Friday. Mama’s Creations, Inc. has a 12 month low of $7.82 and a 12 month high of $17.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.90. The stock has a fifty day moving average price of $14.62 and a 200 day moving average price of $14.64. The company has a market cap of $723.42 million, a P/E ratio of 126.93 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last posted its earnings results on Monday, June 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $52.77 million for the quarter, compared to analysts’ expectations of $51.63 million. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.During the same period last year, the business posted $0.03 earnings per share. On average, research analysts forecast that Mama’s Creations, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the sale, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MAMA shares. Wall Street Zen raised Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, DA Davidson reiterated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

About Mama’s Creations

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. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.