Sanctuary Advisors LLC Makes New $43,000 Investment in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)

Sanctuary Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,750 shares of the company’s stock, valued at approximately $43,000.

Separately, Leverty Financial Group LLC raised its holdings in Rocky Mountain Chocolate Factory by 52.0% in the 2nd quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock valued at $67,000 after acquiring an additional 10,440 shares during the period. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a research report on Thursday, October 17th. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 7.1 %

NASDAQ RMCF opened at $2.41 on Tuesday. The firm’s 50 day simple moving average is $1.92 and its 200 day simple moving average is $2.43. Rocky Mountain Chocolate Factory, Inc. has a 1 year low of $1.50 and a 1 year high of $5.15.

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

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.