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

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

Rocky Mountain Chocolate Factory Stock Down 3.6 %

NASDAQ RMCF opened at $2.82 on Thursday. The stock’s 50-day moving average price is $2.59 and its 200-day moving average price is $2.25. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The company had revenue of $6.38 million during the quarter.

Insider Activity at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. purchased 23,700 shares of the business’s stock in a transaction on Friday, October 18th. The stock was acquired at an average price of $2.14 per share, for a total transaction of $50,718.00. Following the acquisition, the insider now directly owns 1,251,483 shares of the company’s stock, valued at $2,678,173.62. This represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was bought 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 in the company, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned approximately 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is 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.