Portolan Capital Management LLC Sells 130,622 Shares of Mama’s Creations, Inc. $MAMA

Portolan Capital Management LLC decreased its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,034,928 shares of the company’s stock after selling 130,622 shares during the period. Mama’s Creations comprises approximately 1.2% of Portolan Capital Management LLC’s holdings, making the stock its 28th largest position. Portolan Capital Management LLC owned about 5.02% of Mama’s Creations worth $21,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Mama’s Creations by 7.2% in the 2nd quarter. Geode Capital Management LLC now owns 821,094 shares of the company’s stock worth $6,816,000 after purchasing an additional 55,173 shares during the period. Calamos Advisors LLC lifted its position in Mama’s Creations by 48.2% during the second quarter. Calamos Advisors LLC now owns 356,862 shares of the company’s stock valued at $2,962,000 after purchasing an additional 116,110 shares in the last quarter. Creative Planning bought a new stake in Mama’s Creations during the second quarter valued at about $141,000. Intech Investment Management LLC increased its position in Mama’s Creations by 17.7% in the second quarter. Intech Investment Management LLC now owns 20,971 shares of the company’s stock worth $174,000 after buying an additional 3,156 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in Mama’s Creations by 340.8% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 78,230 shares of the company’s stock worth $649,000 after buying an additional 60,484 shares in the last quarter. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Price Performance

Shares of Mama’s Creations stock opened at $15.97 on Friday. The company has a market capitalization of $649.18 million, a price-to-earnings ratio of 145.20 and a beta of 0.78. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $15.19 and its 200-day simple moving average is $12.49. Mama’s Creations, Inc. has a 52 week low of $6.05 and a 52 week high of $17.85.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MAMA shares. Roth Mkm lifted their price objective on Mama’s Creations from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Zacks Research raised shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Mama’s Creations in a research note on Monday, December 29th. Craig Hallum lifted their price target on shares of Mama’s Creations from $12.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, DA Davidson upped their price target on shares of Mama’s Creations from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mama’s Creations currently has a consensus rating of “Buy” and an average target price of $17.60.

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.