Dimensional Fund Advisors LP Sells 17,024 Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)

Dimensional Fund Advisors LP trimmed its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,814 shares of the company’s stock after selling 17,024 shares during the period. Dimensional Fund Advisors LP owned 1.87% of Rocky Mountain Chocolate Factory worth $261,000 at the end of the most recent quarter.

Separately, Leverty Financial Group LLC increased its position in Rocky Mountain Chocolate Factory by 52.0% during the 2nd quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock valued at $67,000 after buying an additional 10,440 shares in the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Rocky Mountain Chocolate Factory in a research note on Wednesday, October 9th. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $2.23 on Tuesday. The business has a 50 day simple moving average of $1.88 and a two-hundred day simple moving average of $2.48. Rocky Mountain Chocolate Factory, Inc. has a 12 month low of $1.50 and a 12 month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Monday, July 15th. The company reported ($0.26) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%. The business had revenue of $6.41 million during the quarter.

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.