Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Research Coverage Started at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF traded down $0.02 during trading on Thursday, reaching $3.58. The company’s stock had a trading volume of 6,218 shares, compared to its average volume of 7,617. The business’s fifty day moving average price is $3.71 and its 200-day moving average price is $4.08. Rocky Mountain Chocolate Factory has a twelve month low of $3.45 and a twelve month high of $5.99. The firm has a market cap of $22.63 million, a price-to-earnings ratio of -5.26 and a beta of 1.03.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In related news, Director Jeffrey Richart Geygan bought 21,763 shares of the stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $4.10 per share, for a total transaction of $89,228.30. Following the purchase, the director now owns 1,049,109 shares of the company’s stock, valued at approximately $4,301,346.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey Richart Geygan acquired 21,763 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the transaction, the director now owns 1,049,109 shares in the company, valued at $4,301,346.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Global Value Investment Corp. bought 10,650 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $4.09 per share, with a total value of $43,558.50. Following the purchase, the insider now directly owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The disclosure for this purchase can be found here. Insiders purchased a total of 38,373 shares of company stock valued at $157,375 in the last ninety days. Insiders own 14.87% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of institutional investors have recently added to or reduced their stakes in RMCF. Leverty Financial Group LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $54,000. Salvus Wealth Management LLC acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth $53,000. Finally, International Assets Investment Management LLC raised its position in Rocky Mountain Chocolate Factory by 360.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after acquiring an additional 11,160 shares in the last quarter. Hedge funds and other 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.