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

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

Rocky Mountain Chocolate Factory Trading Down 0.6 %

Shares of NASDAQ RMCF opened at $3.58 on Thursday. Rocky Mountain Chocolate Factory has a twelve month low of $3.45 and a twelve month high of $5.99. The business has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $4.07.

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan acquired 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, for a total transaction of $89,228.30. Following the completion of the purchase, the director now directly owns 1,049,109 shares in the company, valued at $4,301,346.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey Richart Geygan acquired 21,763 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the transaction, the director now directly owns 1,049,109 shares of the company’s stock, valued at approximately $4,301,346.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Global Value Investment Corp. bought 10,650 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 1,065,878 shares of the company’s stock, valued at $4,359,441.02. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 38,373 shares of company stock worth $157,375. 14.87% of the stock is currently owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

A number of large investors have recently modified their holdings of RMCF. Leverty Financial Group LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth about $54,000. Salvus Wealth Management LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $53,000. Finally, International Assets Investment Management LLC increased its position in Rocky Mountain Chocolate Factory by 360.0% in the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after acquiring an additional 11,160 shares during the period. 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.