Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Thursday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ:RMCF opened at $2.73 on Thursday. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $5.15. The company has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.25.

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 net margin of 17.05% and a negative return on equity of 44.56%. The business had revenue of $6.38 million during the quarter.

Insiders Place Their Bets

In other news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the stock in a transaction that occurred on 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 directly owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 7.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Global Value Investment Corp. acquired 23,700 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average cost of $2.14 per share, with a total value of $50,718.00. Following the completion of the purchase, the insider now directly owns 1,251,483 shares in the company, valued at $2,678,173.62. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 424,094 shares of company stock worth $1,137,016. Corporate insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,371 shares of the company’s stock after buying an additional 9,850 shares during the period. Leverty Financial Group LLC owned about 0.64% of Rocky Mountain Chocolate Factory worth $81,000 as of its most recent SEC filing. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.