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

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note published on Saturday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 1.6 %

Shares of Rocky Mountain Chocolate Factory stock opened at $2.40 on Friday. The company has a 50-day moving average of $2.67 and a two-hundred day moving average of $2.23. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $5.15.

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

Insider Buying and Selling

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 23,700 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $2.14 per share, with a total value of $50,718.00. Following the transaction, the insider now owns 1,251,483 shares in the company, valued at $2,678,173.62. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Richart Geygan purchased 11,935 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was 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 of the company’s stock, valued at $438,669.40. This trade represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC raised its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,371 shares of the company’s stock after purchasing an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned about 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. 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.