Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Buys $24,027.30 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. acquired 14,562 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was bought at an average cost of $1.65 per share, for a total transaction of $24,027.30. Following the purchase, the insider directly owned 1,948,326 shares of the company’s stock, valued at approximately $3,214,737.90. This trade represents a 0.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Wednesday, October 22nd, Global Value Investment Corp. acquired 8,775 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.78 per share, for a total transaction of $15,619.50.
• On Monday, October 20th, Global Value Investment Corp. acquired 13,753 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.61 per share, for a total transaction of $22,142.33.
• On Friday, October 17th, Global Value Investment Corp. acquired 61,670 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.59 per share, for a total transaction of $98,055.30.

Rocky Mountain Chocolate Factory Stock Up 5.2%

NASDAQ RMCF opened at $1.84 on Friday. The stock’s 50-day moving average price is $1.61 and its 200-day moving average price is $1.48. The company has a quick ratio of 0.91, a current ratio of 1.53 and a debt-to-equity ratio of 1.27. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $1.12 and a 52 week high of $3.49. The company has a market capitalization of $14.31 million, a P/E ratio of -3.01 and a beta of 1.10.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Monday, October 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.The business had revenue of $6.82 million during the quarter.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in Rocky Mountain Chocolate Factory in the first quarter valued at $32,000. Salvus Wealth Management LLC boosted its stake in shares of Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after acquiring an additional 8,172 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC boosted its stake in shares of Rocky Mountain Chocolate Factory by 208.5% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock worth $148,000 after acquiring an additional 82,173 shares in the last quarter. 50.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.