Global Value Investment Corp. Buys 13,753 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. bought 13,753 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was purchased at an average cost of $1.61 per share, for a total transaction of $22,142.33. Following the transaction, the insider directly owned 1,937,149 shares of the company’s stock, valued at $3,118,809.89. The trade was a 0.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Friday, October 17th, Global Value Investment Corp. bought 61,670 shares of Rocky Mountain Chocolate Factory stock. The stock was purchased at an average cost of $1.59 per share, for a total transaction of $98,055.30.

Rocky Mountain Chocolate Factory Trading Up 9.5%

Shares of NASDAQ:RMCF opened at $1.79 on Thursday. The company has a market capitalization of $13.96 million, a P/E ratio of -2.93 and a beta of 1.10. Rocky Mountain Chocolate Factory, Inc. has a 1 year low of $1.12 and a 1 year high of $3.49. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.53 and a quick ratio of 0.91. The business’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.47.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Monday, October 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $6.82 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Rocky Mountain Chocolate Factory

Several large investors have recently made changes to their positions in the company. Wealthedge Investment Advisors LLC grew its stake in shares of Rocky Mountain Chocolate Factory by 208.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock valued at $148,000 after buying an additional 82,173 shares during the period. Salvus Wealth Management LLC grew its stake in shares of Rocky Mountain Chocolate Factory by 53.1% in the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after buying an additional 8,172 shares during the period. Finally, Allworth Financial LP acquired a new position in Rocky Mountain Chocolate Factory during the 1st quarter valued at about $32,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.