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 research report released on Friday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 1.7 %

Shares of RMCF stock opened at $2.39 on Friday. Rocky Mountain Chocolate Factory has a twelve month low of $1.50 and a twelve month high of $5.15. The stock has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share 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 Transactions at Rocky Mountain Chocolate Factory

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC raised its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,371 shares of the company’s stock after acquiring an additional 9,850 shares during the period. Leverty Financial Group LLC owned approximately 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.