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

Research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Friday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 4.5 %

Shares of NASDAQ:RMCF opened at $2.35 on Friday. Rocky Mountain Chocolate Factory has a twelve month low of $1.50 and a twelve month high of $5.15. The company’s 50 day moving average is $2.64 and its 200 day moving average is $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data 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 business had revenue of $6.38 million during the quarter.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The transaction 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 330,743 shares of the 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 completion of the acquisition, the insider now directly owns 1,643,412 shares of the company’s stock, valued at $4,437,212.40. This represents a 25.20 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 424,094 shares of company stock worth $1,137,016. 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 holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,371 shares of the company’s stock after acquiring an additional 9,850 shares during the period. Leverty Financial Group LLC owned approximately 0.64% of Rocky Mountain Chocolate Factory worth $81,000 as of its most recent SEC filing. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.