Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan Buys 11,935 Shares

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, October 22nd, Jeffrey Richart Geygan purchased 2,000 shares of Rocky Mountain Chocolate Factory stock. The shares were acquired at an average cost of $2.42 per share, for a total transaction of $4,840.00.

Rocky Mountain Chocolate Factory Stock Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $3.18 on Friday. Rocky Mountain Chocolate Factory, Inc. has a 52-week low of $1.50 and a 52-week high of $5.15. The company’s 50 day moving average price is $2.00 and its 200-day moving average price is $2.41.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory in a research note on Friday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC lifted its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,371 shares of the company’s stock after purchasing an additional 9,850 shares during the period. Leverty Financial Group LLC owned about 0.64% of Rocky Mountain Chocolate Factory worth $81,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.