Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Allen Harper Sells 35,900 Shares

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Allen Harper sold 35,900 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $2.45, for a total value of $87,955.00. Following the completion of the transaction, the insider owned 910,000 shares of the company’s stock, valued at $2,229,500. This represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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

Rocky Mountain Chocolate Factory stock opened at $2.54 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. Rocky Mountain Chocolate Factory, Inc. has a one year low of $1.14 and a one year high of $2.99. The stock has a market capitalization of $23.70 million, a PE ratio of -4.88 and a beta of 0.70. The business’s fifty day moving average is $2.35 and its 200 day moving average is $2.08.

Institutional Trading of Rocky Mountain Chocolate Factory

Several large investors have recently added to or reduced their stakes in the business. American Capital Advisory LLC purchased a new stake in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $134,000. DRW Securities LLC bought a new position in Rocky Mountain Chocolate Factory in the fourth quarter worth approximately $235,000. Thompson Davis & CO. Inc. purchased a new position in shares of Rocky Mountain Chocolate Factory during the 1st quarter worth $215,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Rocky Mountain Chocolate Factory by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock worth $213,000 after acquiring an additional 10,572 shares during the last quarter. 50.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Rocky Mountain Chocolate Factory

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.