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

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

Rocky Mountain Chocolate Factory Trading Up 1.7 %

Shares of Rocky Mountain Chocolate Factory stock opened at $2.39 on Friday. The stock has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.24. 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 posted its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The firm had revenue of $6.38 million during the quarter.

Insider Transactions at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. purchased 23,700 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average cost of $2.14 per share, with a total value of $50,718.00. Following the acquisition, the insider now owns 1,251,483 shares of the company’s stock, valued at $2,678,173.62. This represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were 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 directly owns 168,719 shares of the company’s stock, valued at $438,669.40. The trade was a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 424,094 shares of company stock worth $1,137,016 in the last 90 days. Insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the SEC. 50.27% of the stock is owned by hedge funds and other institutional investors.

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.