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

Stock analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Saturday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 1.6 %

RMCF stock opened at $2.40 on Friday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15. The business has a 50-day moving average of $2.67 and a 200-day moving average of $2.22.

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 Activity at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. bought 42,063 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average price of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the acquisition, the insider now owns 1,880,737 shares of the company’s stock, valued at approximately $5,435,329.93. The trade was a 2.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Richart Geygan purchased 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $2.60 per share, with a total value of $31,031.00. Following the completion of the purchase, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 424,094 shares of company stock valued at $1,137,016. Corporate insiders own 20.80% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 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.