Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by StockNews.com

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF opened at $2.68 on Monday. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $5.15. The company’s fifty day moving average is $2.31 and its two-hundred day moving average is $2.30.

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

Insider Buying and Selling

In other news, major shareholder Global Value Investment Corp. bought 330,743 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average price of $2.70 per share, with a total value of $893,006.10. Following the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $2.60 per share, with a total value of $31,031.00. Following the purchase, the chief executive officer now directly owns 168,719 shares in the company, valued at $438,669.40. The trade was a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 424,094 shares of company stock worth $1,137,016 in the last three months. Corporate insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 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.