StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock opened at $2.61 on Friday. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $5.15. The firm’s 50 day simple moving average is $2.17 and its 200 day simple moving average is $2.35.

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

Insider Activity

In related news, major shareholder Global Value Investment Corp. acquired 330,743 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average cost of $2.70 per share, for a total transaction of $893,006.10. Following the completion of the transaction, the insider now owns 1,643,412 shares in the company, valued at approximately $4,437,212.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Global Value Investment Corp. bought 330,743 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average cost of $2.70 per share, for a total transaction of $893,006.10. Following the completion of the transaction, the insider now owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Richart Geygan purchased 11,935 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the transaction, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is currently owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.