StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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

Rocky Mountain Chocolate Factory Trading Down 0.4 %

Shares of RMCF opened at $2.59 on Friday. The firm has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $2.38. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $5.15.

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

Insider Activity

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, with a total value of $31,031.00. Following the transaction, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, with a total value of $31,031.00. Following the transaction, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Value Investment Corp. acquired 330,743 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average cost 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 approximately $4,437,212.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 424,094 shares of company stock valued at $1,137,016 in the last 90 days. Company insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent quarter. Institutional investors and hedge funds own 50.27% of the company’s stock.

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.