GatePass Capital LLC Sells 38,000 Shares of Mama’s Creations, Inc. $MAMA

GatePass Capital LLC lowered its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 18.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,185 shares of the company’s stock after selling 38,000 shares during the period. Mama’s Creations comprises about 1.2% of GatePass Capital LLC’s portfolio, making the stock its 19th biggest position. GatePass Capital LLC owned about 0.42% of Mama’s Creations worth $2,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning acquired a new position in shares of Mama’s Creations in the second quarter worth approximately $141,000. Rhumbline Advisers increased its position in Mama’s Creations by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after purchasing an additional 2,125 shares during the period. American Century Companies Inc. raised its holdings in Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after purchasing an additional 1,375 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $100,000. Finally, Quantbot Technologies LP acquired a new position in shares of Mama’s Creations in the 2nd quarter worth approximately $136,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the transaction, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. 6.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAMA. DA Davidson reissued a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a research note on Wednesday, May 20th. Wall Street Zen cut Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Stock Performance

Shares of MAMA stock opened at $14.81 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. The firm has a 50-day moving average of $14.80 and a 200-day moving average of $14.10. Mama’s Creations, Inc. has a one year low of $6.92 and a one year high of $17.85. The company has a market cap of $602.92 million, a P/E ratio of 123.42 and a beta of 0.64.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. The business had revenue of $53.99 million for the quarter, compared to analysts’ expectations of $52.64 million. Equities research analysts forecast that Mama’s Creations, Inc. will post 0.25 EPS for the current fiscal 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. 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.