Raymond James Financial Inc. Invests $1.33 Million in Mama’s Creations, Inc. (NASDAQ:MAMA)

Raymond James Financial Inc. purchased a new stake in Mama’s Creations, Inc. (NASDAQ:MAMA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 167,471 shares of the company’s stock, valued at approximately $1,333,000. Raymond James Financial Inc. owned about 0.45% of Mama’s Creations at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annex Advisory Services LLC lifted its stake in shares of Mama’s Creations by 71.0% in the 4th quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company’s stock valued at $9,722,000 after purchasing an additional 507,065 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Mama’s Creations by 22.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company’s stock worth $9,038,000 after buying an additional 210,045 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mama’s Creations by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 757,796 shares of the company’s stock worth $6,033,000 after buying an additional 2,305 shares during the period. Diamond Hill Capital Management Inc. increased its position in Mama’s Creations by 7.1% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 410,432 shares of the company’s stock valued at $3,267,000 after acquiring an additional 27,268 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Mama’s Creations by 0.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 371,309 shares of the company’s stock valued at $2,956,000 after acquiring an additional 2,777 shares during the period. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Mama’s Creations Price Performance

MAMA stock opened at $6.68 on Friday. The stock has a market cap of $251.14 million, a PE ratio of 74.23 and a beta of 0.95. Mama’s Creations, Inc. has a 12 month low of $5.50 and a 12 month high of $9.98. The company has a 50-day moving average price of $6.39 and a 200 day moving average price of $7.39. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%. The business had revenue of $33.59 million during the quarter, compared to analyst estimates of $31.02 million. Equities research analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current year.

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.