Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Friday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF opened at $2.35 on Friday. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $5.15. The company’s 50-day simple moving average is $2.64 and its two-hundred day simple moving average is $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $6.38 million for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Insider Buying and Selling

In other news, CEO Jeffrey Richart Geygan acquired 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now directly owns 168,719 shares in the company, valued at $438,669.40. The trade was a 7.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Global Value Investment Corp. acquired 330,743 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of $2.70 per share, with a total value of $893,006.10. Following the acquisition, the insider now owns 1,643,412 shares in the company, valued at approximately $4,437,212.40. The trade was a 25.20 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 424,094 shares of company stock worth $1,137,016 in the last three months. 20.80% of the stock is owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC lifted its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,371 shares of the company’s stock after buying an additional 9,850 shares during the period. Leverty Financial Group LLC owned approximately 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. 50.27% of the stock is owned by institutional investors.

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.