Global Value Investment Corp. Buys 8,775 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. purchased 8,775 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was purchased at an average cost of $1.78 per share, for a total transaction of $15,619.50. Following the acquisition, the insider owned 1,957,101 shares in the company, valued at approximately $3,483,639.78. The trade was a 0.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Tuesday, October 21st, Global Value Investment Corp. purchased 14,562 shares of Rocky Mountain Chocolate Factory stock. The stock was purchased at an average cost of $1.65 per share, for a total transaction of $24,027.30.
• On Monday, October 20th, Global Value Investment Corp. bought 13,753 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average cost of $1.61 per share, for a total transaction of $22,142.33.
• On Friday, October 17th, Global Value Investment Corp. bought 61,670 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average cost of $1.59 per share, for a total transaction of $98,055.30.

Rocky Mountain Chocolate Factory Trading Up 5.2%

Shares of RMCF opened at $1.84 on Friday. The firm’s 50-day moving average price is $1.61 and its 200-day moving average price is $1.48. The firm has a market capitalization of $14.31 million, a price-to-earnings ratio of -3.01 and a beta of 1.10. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.12 and a 1-year high of $3.49.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results on Monday, October 13th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $6.82 million for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 15.77% and a negative return on equity of 63.75%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RMCF. Wealthedge Investment Advisors LLC lifted its position in Rocky Mountain Chocolate Factory by 208.5% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock valued at $148,000 after acquiring an additional 82,173 shares during the period. Allworth Financial LP purchased a new position in Rocky Mountain Chocolate Factory during the 1st quarter valued at about $32,000. Finally, Salvus Wealth Management LLC lifted its position in Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares during the period. 50.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.