Renaissance Technologies LLC Sells 6,437 Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)

Renaissance Technologies LLC reduced its holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,923 shares of the company’s stock after selling 6,437 shares during the quarter. Renaissance Technologies LLC owned 5.08% of Rocky Mountain Chocolate Factory worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Salvus Wealth Management LLC raised its position in Rocky Mountain Chocolate Factory by 33.5% in the 1st quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after buying an additional 3,865 shares during the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory in a report on Wednesday. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 2.9 %

NASDAQ:RMCF opened at $2.16 on Wednesday. The company has a market cap of $13.70 million, a PE ratio of -3.18 and a beta of 1.05. The company has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $2.53. Rocky Mountain Chocolate Factory, Inc. has a 12 month low of $1.50 and a 12 month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Monday, July 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $6.41 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.