Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Research Coverage Started at StockNews.com

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

Rocky Mountain Chocolate Factory Stock Performance

RMCF opened at $3.53 on Tuesday. The company has a market capitalization of $22.31 million, a P/E ratio of -5.19 and a beta of 1.06. Rocky Mountain Chocolate Factory has a fifty-two week low of $3.45 and a fifty-two week high of $5.99. The stock has a fifty day moving average of $3.86 and a 200-day moving average of $4.17.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan acquired 21,763 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $4.10 per share, for a total transaction of $89,228.30. Following the transaction, the director now directly owns 1,049,109 shares in the company, valued at $4,301,346.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Global Value Investment Corp. purchased 10,650 shares of Rocky Mountain Chocolate Factory stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $4.09 per share, for a total transaction of $43,558.50. Following the transaction, the insider now owns 1,065,878 shares of the company’s stock, valued at approximately $4,359,441.02. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey Richart Geygan purchased 21,763 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the transaction, the director now directly owns 1,049,109 shares in the company, valued at approximately $4,301,346.90. The disclosure for this purchase can be found here. Insiders have bought a total of 113,959 shares of company stock valued at $466,521 in the last ninety days. 14.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Salvus Wealth Management LLC acquired a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter valued at about $53,000. Leverty Financial Group LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at approximately $54,000. Citadel Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory in the 3rd quarter worth about $62,000. International Assets Investment Management LLC boosted its holdings 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 period. Finally, BlackRock Inc. grew its stake in Rocky Mountain Chocolate Factory by 20.2% during the second quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock valued at $70,000 after acquiring an additional 2,182 shares in the last quarter. 50.27% of the stock is 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.