Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by StockNews.com

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

Rocky Mountain Chocolate Factory Stock Up 0.4 %

Shares of Rocky Mountain Chocolate Factory stock opened at $2.56 on Monday. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15. The business has a fifty day simple moving average of $2.27 and a 200-day simple moving average of $2.30.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The business 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

In other news, major shareholder Global Value Investment Corp. purchased 42,063 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average price of $2.89 per share, with a total value of $121,562.07. Following the purchase, the insider now owns 1,880,737 shares in the company, valued at $5,435,329.93. This represents a 2.29 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were acquired 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 owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 424,094 shares of company stock worth $1,137,016 in the last ninety days. Corporate insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC raised its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,371 shares of the company’s stock after purchasing an additional 9,850 shares during the period. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 as of its most recent SEC filing. Institutional investors 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.