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

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ:RMCF opened at $2.73 on Thursday. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $5.15. The business has a fifty day moving average of $2.62 and a two-hundred day moving average of $2.25.

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

Insider Activity at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. acquired 330,743 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Wednesday, October 23rd. The shares were 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 in the company, valued at approximately $4,437,212.40. This represents a 25.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was bought at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the transaction, the chief executive officer now directly 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. Over the last three months, insiders have acquired 424,094 shares of company stock worth $1,137,016. Insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC raised its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,371 shares of the company’s stock after buying 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.