Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $3.54 on Wednesday. The firm has a market cap of $22.36 million, a price-to-earnings ratio of -5.21 and a beta of 1.06. The company has a 50 day moving average price of $3.83 and a 200-day moving average price of $4.14. Rocky Mountain Chocolate Factory has a 1-year low of $3.45 and a 1-year high of $5.99.

Insider Activity at Rocky Mountain Chocolate Factory

In related news, Director Jeffrey Richart Geygan purchased 21,763 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $4.10 per share, with a total value of $89,228.30. Following the purchase, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jeffrey Richart Geygan purchased 21,763 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $4.10 per share, with a total value of $89,228.30. Following the purchase, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Global Value Investment Corp. purchased 10,650 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $4.09 per share, for a total transaction of $43,558.50. Following the purchase, the insider now directly owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 113,959 shares of company stock valued at $466,521. 14.87% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salvus Wealth Management LLC acquired a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth $53,000. Leverty Financial Group LLC acquired a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth $54,000. Finally, International Assets Investment Management LLC boosted its stake in Rocky Mountain Chocolate Factory by 360.0% during the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after purchasing an additional 11,160 shares during the last 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.