StockNews.com Initiates Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report published on Tuesday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 1.3 %

NASDAQ RMCF opened at $2.70 on Tuesday. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15. The company’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $2.27.

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

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. acquired 330,743 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of $2.70 per share, with a total value of $893,006.10. Following the purchase, the insider now directly owns 1,643,412 shares in the company, valued at $4,437,212.40. The trade was a 25.20 % 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 business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at $438,669.40. This trade represents a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to the company in its most recent 13F 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 at the end of the most recent reporting period. 50.27% of the stock is owned by 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.