National Asset Management Inc. Buys 13,827 Shares of MamaMancini’s Holdings, Inc. (OTCMKTS:MMMB)

National Asset Management Inc. increased its stake in shares of MamaMancini’s Holdings, Inc. (OTCMKTS:MMMBGet Rating) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,450 shares of the company’s stock after acquiring an additional 13,827 shares during the quarter. National Asset Management Inc.’s holdings in MamaMancini’s were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MMMB. Advisor Group Holdings Inc. lifted its stake in shares of MamaMancini’s by 1,566.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 50,000 shares of the company’s stock valued at $101,000 after buying an additional 47,000 shares in the last quarter. Alpha Cubed Investments LLC lifted its stake in shares of MamaMancini’s by 13.5% in the first quarter. Alpha Cubed Investments LLC now owns 63,200 shares of the company’s stock valued at $106,000 after buying an additional 7,500 shares in the last quarter. Diversified Investment Strategies LLC bought a new position in shares of MamaMancini’s in the first quarter valued at $117,000. Finally, Raymond James & Associates lifted its stake in shares of MamaMancini’s by 21.0% in the fourth quarter. Raymond James & Associates now owns 67,113 shares of the company’s stock valued at $135,000 after buying an additional 11,648 shares in the last quarter. 11.11% of the stock is owned by institutional investors.

MamaMancini’s Stock Performance

Shares of MMMB stock opened at $1.37 on Friday. The firm has a 50-day moving average of $1.36 and a 200-day moving average of $1.62. The company has a market cap of $49.02 million, a P/E ratio of -45.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 1.00. MamaMancini’s Holdings, Inc. has a one year low of $1.13 and a one year high of $2.88.

MamaMancini’s (OTCMKTS:MMMBGet Rating) last announced its earnings results on Tuesday, May 31st. The company reported ($0.04) EPS for the quarter. The firm had revenue of $13.85 million during the quarter. MamaMancini’s had a negative net margin of 1.33% and a negative return on equity of 8.87%. Equities research analysts forecast that MamaMancini’s Holdings, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of MamaMancini’s from a “b-” rating to a “c-” rating in a report on Friday, June 10th.

MamaMancini’s Profile

(Get Rating)

MamaMancini's Holdings, Inc manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States. The company offers beef and turkey meatballs, beef meat loaf, chicken parmesan, and sausage-related products and pasta entrees with Italian sauce; and other related meats and sauces.

Further Reading

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Institutional Ownership by Quarter for MamaMancini's (OTCMKTS:MMMB)

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