Global Value Investment Corp. Purchases 14,562 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. purchased 14,562 shares of the stock in a transaction dated Tuesday, October 21st. The stock was bought at an average cost of $1.65 per share, with a total value of $24,027.30. Following the transaction, the insider owned 1,948,326 shares in the company, valued at $3,214,737.90. The trade was a 0.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Wednesday, October 22nd, Global Value Investment Corp. purchased 8,775 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.78 per share, with a total value of $15,619.50.
• On Monday, October 20th, Global Value Investment Corp. purchased 13,753 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.61 per share, with a total value of $22,142.33.
• On Friday, October 17th, Global Value Investment Corp. bought 61,670 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average cost of $1.59 per share, with a total value of $98,055.30.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ:RMCF opened at $1.84 on Friday. Rocky Mountain Chocolate Factory, Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $3.49. The business has a 50-day simple moving average of $1.61 and a two-hundred day simple moving average of $1.48. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 1.53. The firm has a market cap of $14.31 million, a price-to-earnings ratio of -3.01 and a beta of 1.10.

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

Wall Street Analysts Forecast Growth

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 data from MarketBeat.com, Rocky Mountain Chocolate Factory currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of large investors have recently made changes to their positions in RMCF. Allworth Financial LP bought a new stake in shares of Rocky Mountain Chocolate Factory during the 1st quarter valued at about $32,000. Wealthedge Investment Advisors LLC grew its stake in shares of 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. Finally, Salvus Wealth Management LLC grew its stake in shares of 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 currently 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.