Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report published on Sunday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 5.2 %

RMCF opened at $2.73 on Friday. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $5.15. The stock has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly 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 business had revenue of $6.38 million during the quarter.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In related news, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. This represents a 7.61 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Value Investment Corp. bought 330,743 shares of the stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average cost of $2.70 per share, for a total transaction of $893,006.10. Following the acquisition, the insider now owns 1,643,412 shares of the company’s stock, valued at $4,437,212.40. This trade represents a 25.20 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.