Wasatch Advisors LP Takes 10.42% Stake in Mama's Creations
Ticker: MAMA · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 1520358
| Field | Detail |
|---|---|
| Company | Mama'S Creations, INC. (MAMA) |
| Form Type | SC 13G |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investment-adviser, stake-disclosure
TL;DR
**Wasatch Advisors just revealed a 10.42% stake in Mama's Creations, a big institutional buy.**
AI Summary
Wasatch Advisors LP, a Utah-based investment adviser, has reported owning 3,883,763 shares of Mama's Creations, Inc. common stock, representing 10.42% of the company's outstanding shares. This significant stake, filed on January 10, 2024, indicates a strong conviction from a professional investment firm in Mama's Creations, Inc. For current or prospective shareholders, this signals that a large institutional investor sees value in the company, potentially boosting confidence and attracting further investment.
Why It Matters
This filing shows a major institutional investor, Wasatch Advisors LP, has a significant stake in Mama's Creations, which can be a vote of confidence for other investors.
Risk Assessment
Risk Level: low — The filing indicates an institutional investment, which is generally seen as a positive sign and reduces perceived risk.
Analyst Insight
A smart investor would view this institutional stake as a positive signal, potentially prompting further research into Mama's Creations, Inc. and its fundamentals, as it suggests a professional firm sees significant value.
Key Numbers
- 3,883,763 — Shares Owned (Represents the total number of common stock shares of Mama's Creations, Inc. held by Wasatch Advisors LP.)
- 10.42% — Percent of Class Owned (Indicates the significant portion of Mama's Creations, Inc. common stock controlled by Wasatch Advisors LP.)
Key Players & Entities
- Wasatch Advisors LP (company) — reporting person and investment adviser
- Mama's Creations, Inc. (company) — issuer of the securities
- 3,883,763 (dollar_amount) — number of shares owned
- 10.42% (dollar_amount) — percent of class owned
- January 10, 2024 (date) — filing date
Forward-Looking Statements
- Mama's Creations, Inc. stock may experience increased investor confidence due to institutional backing. (Mama's Creations, Inc.) — medium confidence, target: Q1 2024
- Other institutional investors might initiate or increase their positions in Mama's Creations, Inc. following this disclosure. (Mama's Creations, Inc.) — low confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, based in Salt Lake City, UT.
What percentage of Mama's Creations, Inc. common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 10.42% of the common stock of Mama's Creations, Inc., as stated in Item 11 and Item 4(b) of the filing.
How many shares of Mama's Creations, Inc. does Wasatch Advisors LP have sole voting power over?
Wasatch Advisors LP has sole voting power over 3,883,763 shares of Mama's Creations, Inc., as detailed in Item 5 and Item 4(c)(i) of the filing.
What is the CUSIP number for Mama's Creations, Inc. common stock?
The CUSIP number for Mama's Creations, Inc. common stock is 56146T103, as listed in Item 1 and Item 2(e) of the filing.
When was this SC 13G filing filed with the SEC?
This SC 13G filing was filed with the SEC on January 10, 2024, according to the 'FILED AS OF DATE' in the header.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 regarding Mama's Creations, Inc. (MAMA).