B. Riley Wealth Advisors Inc. Has $155,000 Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

B. Riley Wealth Advisors Inc. lessened its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,289 shares of the company’s stock after selling 7,421 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.06% of Mama’s Creations worth $155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Trail Ridge Investment Advisors LLC lifted its stake in Mama’s Creations by 2.5% during the third quarter. Trail Ridge Investment Advisors LLC now owns 69,267 shares of the company’s stock worth $526,000 after purchasing an additional 1,715 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Mama’s Creations by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 55,878 shares of the company’s stock worth $377,000 after buying an additional 1,762 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Mama’s Creations by 0.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 383,164 shares of the company’s stock valued at $2,797,000 after buying an additional 3,072 shares in the last quarter. PEAK6 Investments LLC grew its position in Mama’s Creations by 28.1% in the third quarter. PEAK6 Investments LLC now owns 18,812 shares of the company’s stock valued at $137,000 after acquiring an additional 4,127 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in Mama’s Creations during the third quarter worth about $36,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Lake Street Capital raised their price target on shares of Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Craig Hallum raised their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Roth Mkm reiterated a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Mama’s Creations currently has a consensus rating of “Buy” and a consensus price target of $10.67.

Insider Activity at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the sale, the chief executive officer now directly owns 543,260 shares in the company, valued at $4,030,989.20. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by company insiders.

Mama’s Creations Stock Performance

Mama’s Creations stock opened at $7.45 on Monday. The business has a 50 day moving average of $8.43 and a 200-day moving average of $7.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. Mama’s Creations, Inc. has a 1 year low of $4.17 and a 1 year high of $9.98. The company has a market capitalization of $280.02 million, a P/E ratio of 57.31 and a beta of 1.10.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings results on Monday, December 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same quarter last year, the firm earned $0.05 earnings per share. On average, equities research analysts predict that Mama’s Creations, Inc. will post 0.14 earnings per share for the current year.

About Mama’s Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.