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 note released on Tuesday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $2.70 on Tuesday. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $5.15. The stock has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.27.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The company had revenue of $6.38 million for the quarter.

Insider Activity

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares of the company’s stock, valued at $438,669.40. This trade represents a 7.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. bought 42,063 shares of the stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the transaction, the insider now directly owns 1,880,737 shares of the company’s stock, valued at approximately $5,435,329.93. The trade was a 2.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 424,094 shares of company stock worth $1,137,016 in the last ninety days. Corporate insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. Institutional investors own 50.27% of the company’s stock.

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.