Insider Buying: Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Major Shareholder Buys 42,063 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. purchased 42,063 shares of Rocky Mountain Chocolate Factory stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the transaction, the insider now directly owns 1,880,737 shares of the company’s stock, valued at approximately $5,435,329.93. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, October 23rd, Global Value Investment Corp. purchased 330,743 shares of Rocky Mountain Chocolate Factory stock. The shares were acquired at an average price of $2.70 per share, for a total transaction of $893,006.10.
• 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 transaction of $1,435.00.
• On Monday, October 21st, Global Value Investment Corp. purchased 7,409 shares of Rocky Mountain Chocolate Factory stock. The shares were acquired at an average price of $2.32 per share, for a total transaction of $17,188.88.
• On Friday, October 18th, Global Value Investment Corp. purchased 23,700 shares of Rocky Mountain Chocolate Factory stock. The shares were acquired at an average price of $2.14 per share, for a total transaction of $50,718.00.

Rocky Mountain Chocolate Factory Stock Down 16.1 %

NASDAQ RMCF traded down $0.52 during trading on Tuesday, hitting $2.70. The company had a trading volume of 210,039 shares, compared to its average volume of 25,599. Rocky Mountain Chocolate Factory, Inc. has a one year low of $1.50 and a one year high of $5.15. The company’s fifty day moving average is $2.03 and its 200-day moving average is $2.40.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued 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.

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) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter. Institutional investors and hedge funds own 50.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory in a report on Friday. They set a “hold” rating for the company.

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.