Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 5.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 223,050 shares of the company’s stock after purchasing an additional 11,500 shares during the period. North Star Investment Management Corp. owned about 3.74% of Rocky Mountain Chocolate Factory worth $2,074,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Rocky Mountain Chocolate Factory by 6.4% in the 2nd quarter. BlackRock Inc. now owns 30,311 shares of the company’s stock valued at $254,000 after purchasing an additional 1,831 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Rocky Mountain Chocolate Factory by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 284,628 shares of the company’s stock worth $2,391,000 after purchasing an additional 6,708 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Rocky Mountain Chocolate Factory by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 476,923 shares of the company’s stock worth $4,006,000 after purchasing an additional 6,216 shares during the last quarter. Hedge funds and other institutional investors own 41.51% of the company’s stock.

Separately, TheStreet cut shares of Rocky Mountain Chocolate Factory from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th.

Shares of Rocky Mountain Chocolate Factory stock traded down $0.19 during trading on Friday, hitting $9.30. 308 shares of the stock were exchanged, compared to its average volume of 8,302. The stock has a market cap of $55.52 million, a price-to-earnings ratio of 20.43 and a beta of 0.40. The firm’s 50-day moving average price is $9.30 and its 200 day moving average price is $9.12. Rocky Mountain Chocolate Factory, Inc. has a 12-month low of $7.95 and a 12-month high of $10.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.62 and a quick ratio of 1.89.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Friday, July 12th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $8.43 million during the quarter. Rocky Mountain Chocolate Factory had a net margin of 6.99% and a return on equity of 12.22%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.48 annualized dividend and a dividend yield of 5.16%.

Rocky Mountain Chocolate Factory Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 700 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.

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Institutional Ownership by Quarter for Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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