Global Value Investment Corp. Acquires 6,720 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. purchased 6,720 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average price of $1.82 per share, for a total transaction of $12,230.40. Following the purchase, the insider owned 1,963,821 shares in the company, valued at $3,574,154.22. This trade represents a 0.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Wednesday, October 22nd, Global Value Investment Corp. purchased 8,775 shares of Rocky Mountain Chocolate Factory stock. The shares were acquired at an average cost of $1.78 per share, with a total value of $15,619.50.
• On Tuesday, October 21st, Global Value Investment Corp. acquired 14,562 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average price of $1.65 per share, for a total transaction of $24,027.30.
• On Monday, October 20th, Global Value Investment Corp. acquired 13,753 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.61 per share, for a total transaction of $22,142.33.
• On Friday, October 17th, Global Value Investment Corp. bought 61,670 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average price of $1.59 per share, with a total value of $98,055.30.

Rocky Mountain Chocolate Factory Stock Down 2.9%

Shares of RMCF opened at $1.67 on Thursday. The firm has a market cap of $13.03 million, a P/E ratio of -2.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 1.53. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $1.12 and a 52 week high of $3.18. The firm’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $1.50.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in Rocky Mountain Chocolate Factory in the 1st quarter valued at $32,000. Salvus Wealth Management LLC increased its position in shares of Rocky Mountain Chocolate Factory by 53.1% in the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares during the period. Finally, Wealthedge Investment Advisors LLC raised its stake in Rocky Mountain Chocolate Factory by 208.5% in the first quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock valued at $148,000 after purchasing an additional 82,173 shares in the last quarter. Institutional investors own 50.27% of the company’s stock.

Wall Street Analyst Weigh In

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

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.