Global Value Investment Corp. Acquires 330,743 Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. purchased 330,743 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average cost of $2.70 per share, with a total value of $893,006.10. Following the completion of the acquisition, the insider now owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Monday, September 16th, Global Value Investment Corp. sold 820 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $1.75, for a total value of $1,435.00.
• On Monday, October 21st, Global Value Investment Corp. bought 7,409 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $2.32 per share, for a total transaction of $17,188.88.
• On Friday, October 18th, Global Value Investment Corp. bought 23,700 shares of Rocky Mountain Chocolate Factory stock. The stock was purchased at an average cost of $2.14 per share, with a total value of $50,718.00.

Rocky Mountain Chocolate Factory Stock Up 0.7 %

RMCF traded up $0.02 on Thursday, reaching $2.77. 439,645 shares of the company’s stock were exchanged, compared to its average volume of 23,532. Rocky Mountain Chocolate Factory, Inc. has a twelve month low of $1.50 and a twelve month high of $5.15. The company’s 50 day moving average is $1.95 and its 200-day moving average is $2.42.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Rocky Mountain Chocolate Factory in a research report on Thursday, October 17th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 reporting period. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.