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

StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 5.5 %

NASDAQ:RMCF opened at $2.67 on Tuesday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15. The stock has a fifty day moving average price of $2.40 and a 200-day moving average price of $2.27.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share 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 firm had revenue of $6.38 million for the quarter.

Insider Transactions at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. purchased 42,063 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average cost of $2.89 per share, with a total value of $121,562.07. Following the acquisition, the insider now owns 1,880,737 shares of the company’s stock, valued at $5,435,329.93. This trade represents a 2.29 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. The trade was a 7.61 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 424,094 shares of company stock valued at $1,137,016. Corporate insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.