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

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

Rocky Mountain Chocolate Factory Stock Down 5.5 %

Shares of RMCF stock opened at $2.67 on Tuesday. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $5.15. The firm has a 50 day moving average of $2.40 and a 200-day moving average of $2.27.

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

Insiders Place Their Bets

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 330,743 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average cost of $2.70 per share, for a total transaction of $893,006.10. Following the purchase, the insider now directly owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This trade represents a 25.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price 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 $438,669.40. The trade was a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 424,094 shares of company stock valued at $1,137,016 in the last three months. 20.80% of the stock is currently owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to its most recent 13F filing with the SEC. 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 reporting period. 50.27% of the stock is owned by institutional investors and hedge funds.

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.