Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Allen Harper Sells 5,241 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Allen Harper sold 5,241 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $2.60, for a total transaction of $13,626.60. Following the completion of the transaction, the insider directly owned 966,115 shares of the company’s stock, valued at $2,511,899. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $2.28 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is $2.42 and its 200 day simple moving average is $2.01. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.14 and a 1-year high of $2.99. The company has a market cap of $21.27 million, a price-to-earnings ratio of -4.38 and a beta of 0.72.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) EPS 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 firm had revenue of $7.54 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a report on Monday, March 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Key Rocky Mountain Chocolate Factory News

Here are the key news stories impacting Rocky Mountain Chocolate Factory this week:

• Negative Sentiment: Heritage Railways In American reported a series of sales (Feb. 19–Mar. 5) totaling 54,100 shares at an average price near $2.60 — a modest reduction (~5% of that holder’s stake). The sales were staggered across several days and were disclosed to the SEC. Heritage Railways SEC filing
• Negative Sentiment: Allen C. Harper (also a major shareholder) filed matching sales over the same Feb. 19–Mar. 5 period, totaling 54,100 shares sold at ~ $2.60. Like the Heritage filings, Harper still retains a large position (~945k–998k shares), so these look like partial, staged exits rather than complete divestitures. Allen Harper SEC filing

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

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

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.