Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Trading Up 4.1 %

Shares of Rocky Mountain Chocolate Factory stock opened at $2.78 on Friday. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $5.15. The company’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $2.22.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The company 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%.

Insider Activity at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan bought 11,935 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $2.60 per share, with a total value of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 7.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Global Value Investment Corp. purchased 330,743 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average price of $2.70 per share, with a total value of $893,006.10. Following the purchase, the insider now directly owns 1,643,412 shares in the company, valued at $4,437,212.40. This represents a 25.20 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.