Insider Buying: Rocky Mountain Chocolate Factory (NASDAQ:RMCF) CEO Acquires $22,374.00 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 11,300 shares of the stock in a transaction on Friday, January 16th. The stock was acquired at an average price of $1.98 per share, with a total value of $22,374.00. Following the acquisition, the chief executive officer directly owned 1,792,478 shares in the company, valued at $3,549,106.44. This trade represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jeffrey Richart Geygan also recently made the following trade(s):

• On Tuesday, November 4th, Jeffrey Richart Geygan acquired 8,935 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average price of $1.64 per share, for a total transaction of $14,653.40.

Rocky Mountain Chocolate Factory Trading Up 17.3%

Shares of RMCF traded up $0.34 during mid-day trading on Friday, hitting $2.30. The company had a trading volume of 21,143 shares, compared to its average volume of 46,081. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.12 and a 1-year high of $2.25. The business’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $1.69. The stock has a market cap of $21.46 million, a PE ratio of -4.40 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC boosted its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,567 shares of the company’s stock after purchasing an additional 8,172 shares during the quarter. Salvus Wealth Management LLC owned approximately 0.30% of Rocky Mountain Chocolate Factory worth $37,000 at the end of the most recent quarter. Institutional investors own 50.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.