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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report published on Wednesday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 0.3 %

Shares of RMCF stock opened at $3.55 on Wednesday. The stock has a 50 day moving average of $3.82 and a 200 day moving average of $4.13. Rocky Mountain Chocolate Factory has a twelve month low of $3.45 and a twelve month high of $5.99.

Insider Activity at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. purchased 74,841 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average cost of $4.09 per share, for a total transaction of $306,099.69. Following the completion of the transaction, the insider now owns 1,020,004 shares in the company, valued at $4,171,816.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan acquired 21,763 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $4.10 per share, with a total value of $89,228.30. Following the completion of the acquisition, 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 can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. acquired 74,841 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was acquired at an average cost of $4.09 per share, for a total transaction of $306,099.69. Following the completion of the acquisition, the insider now owns 1,020,004 shares of the company’s stock, valued at approximately $4,171,816.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 113,959 shares of company stock worth $466,521. 14.87% of the stock is owned by corporate insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

Institutional investors have recently bought and sold shares of the business. Salvus Wealth Management LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth approximately $53,000. Leverty Financial Group LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth approximately $54,000. Finally, International Assets Investment Management LLC boosted its stake in shares of 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 during the last quarter. 50.27% of the stock is owned by institutional investors and hedge funds.

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.