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 report issued on Sunday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 3.4 %

Shares of Rocky Mountain Chocolate Factory stock opened at $2.59 on Friday. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $5.15. The business’s 50 day moving average is $2.20 and its 200-day moving average is $2.33.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) EPS 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 firm had revenue of $6.38 million during the quarter.

Insider Buying and Selling

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. acquired 42,063 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the purchase, the insider now directly owns 1,880,737 shares of the company’s stock, valued at approximately $5,435,329.93. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jeffrey Richart Geygan bought 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of $2.60 per share, with a total value of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Global Value Investment Corp. purchased 42,063 shares of the stock in a transaction on Tuesday, October 29th. The stock was bought at an average cost of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the acquisition, the insider now owns 1,880,737 shares in the company, valued at approximately $5,435,329.93. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 424,094 shares of company stock worth $1,137,016. Company insiders own 20.80% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC raised its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,371 shares of the company’s stock after buying an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent reporting period. 50.27% of the stock is currently owned by institutional investors.

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.