StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF opened at $2.59 on Friday. The stock’s fifty day moving average is $2.20 and its 200 day moving average is $2.33. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $5.15.

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

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Global Value Investment Corp. acquired 23,700 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of $2.14 per share, with a total value of $50,718.00. Following the purchase, the insider now directly owns 1,251,483 shares in the company, valued at approximately $2,678,173.62. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 424,094 shares of company stock worth $1,137,016 over the last three months. Corporate insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.