GatePass Capital LLC Reduces Holdings in Mama’s Creations, Inc. $MAMA

GatePass Capital LLC lowered its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 18.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 171,185 shares of the company’s stock after selling 38,000 shares during the quarter. Mama’s Creations comprises 1.2% of GatePass Capital LLC’s investment portfolio, making the stock its 19th largest holding. GatePass Capital LLC’s holdings in Mama’s Creations were worth $2,309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Mama’s Creations by 1.6% during the second 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 period. Rhumbline Advisers increased its stake in shares of Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after purchasing an additional 2,125 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Mama’s Creations by 13.0% in the third quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after purchasing an additional 2,500 shares during the period. Quantbot Technologies LP lifted its stake in shares of Mama’s Creations by 16.7% during the 3rd quarter. Quantbot Technologies LP now owns 19,146 shares of the company’s stock valued at $201,000 after buying an additional 2,738 shares in the last quarter. Finally, Trail Ridge Investment Advisors LLC lifted its stake in shares of Mama’s Creations by 4.3% during the 4th quarter. Trail Ridge Investment Advisors LLC now owns 78,680 shares of the company’s stock valued at $1,061,000 after buying an additional 3,230 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mama’s Creations

In other news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $15.30, for a total transaction of $248,211.90. Following the completion of the sale, the chief executive officer directly owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 6.50% of the company’s stock.

Mama’s Creations Stock Performance

Shares of MAMA opened at $14.81 on Tuesday. The company has a market cap of $602.92 million, a PE ratio of 123.42 and a beta of 0.64. The company has a current ratio of 2.17, a quick ratio of 1.71 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $14.80 and a 200-day moving average price of $14.10. Mama’s Creations, Inc. has a 12-month low of $6.92 and a 12-month high of $17.85.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MAMA shares. Wall Street Zen lowered shares of Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a research report on Wednesday, May 20th. Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Mama’s Creations Profile

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.