Allen Harper Sells 11,297 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Allen Harper sold 11,297 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $2.60, for a total transaction of $29,372.20. Following the sale, the insider owned 954,818 shares of the company’s stock, valued at approximately $2,482,526.80. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Rocky Mountain Chocolate Factory Stock Down 2.6%

Shares of Rocky Mountain Chocolate Factory stock traded down $0.06 during trading hours on Thursday, reaching $2.28. The company’s stock had a trading volume of 13,855 shares, compared to its average volume of 19,951. Rocky Mountain Chocolate Factory, Inc. has a one year low of $1.14 and a one year high of $2.99. The company has a market capitalization of $21.27 million, a P/E ratio of -4.38 and a beta of 0.72. The stock’s fifty day simple moving average is $2.42 and its two-hundred day simple moving average is $2.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 13.62% and a negative return on equity of 62.48%. The business had revenue of $7.54 million during the quarter.

Institutional Trading of Rocky Mountain Chocolate Factory

Several institutional investors have recently bought and sold shares of RMCF. Salvus Wealth Management LLC boosted its holdings in shares of Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $134,000. Thompson Davis & CO. Inc. bought a new stake in shares of Rocky Mountain Chocolate Factory during the first quarter valued at approximately $215,000. Finally, DRW Securities LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at $235,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Monday, March 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rocky Mountain Chocolate Factory presently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.