Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Allen Harper Sells 8,918 Shares

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Allen Harper sold 8,918 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $2.60, for a total transaction of $23,186.80. Following the completion of the sale, the insider directly owned 945,900 shares of the company’s stock, valued at $2,459,340. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $2.28 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93. The firm’s 50 day moving average is $2.42 and its 200-day moving average is $2.01. Rocky Mountain Chocolate Factory, Inc. has a 12-month low of $1.14 and a 12-month high of $2.99. The stock has a market capitalization of $21.27 million, a P/E ratio of -4.38 and a beta of 0.72.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RMCF. Thompson Davis & CO. Inc. purchased a new position in shares of Rocky Mountain Chocolate Factory in the first quarter worth approximately $215,000. DRW Securities LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $235,000. American Capital Advisory LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $134,000. Finally, Salvus Wealth Management LLC boosted its stake in 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 worth $37,000 after purchasing an additional 8,172 shares during the period. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Rocky Mountain Chocolate Factory

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock currently 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.