Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 0.3 %

NASDAQ RMCF opened at $3.55 on Wednesday. Rocky Mountain Chocolate Factory has a 52 week low of $3.45 and a 52 week high of $5.99. The company has a 50-day moving average price of $3.82 and a 200-day moving average price of $4.13.

Insider Activity

In related news, Director Jeffrey Richart Geygan acquired 21,763 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $4.10 per share, for a total transaction of $89,228.30. Following the purchase, the director now owns 1,049,109 shares in the company, valued at approximately $4,301,346.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey Richart Geygan acquired 21,763 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $4.10 per share, for a total transaction of $89,228.30. Following the purchase, the director now owns 1,049,109 shares in the company, valued at approximately $4,301,346.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Global Value Investment Corp. acquired 74,841 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $4.09 per share, with a total value of $306,099.69. Following the completion of the purchase, the insider now owns 1,020,004 shares in the company, valued at approximately $4,171,816.36. The disclosure for this purchase can be found here. Insiders acquired 113,959 shares of company stock valued at $466,521 in the last quarter. 14.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Salvus Wealth Management LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $53,000. Leverty Financial Group LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $54,000. Finally, International Assets Investment Management LLC boosted its stake in Rocky Mountain Chocolate Factory by 360.0% in the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after purchasing an additional 11,160 shares during the period. 50.27% of the stock is currently owned by institutional investors.

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.