Global Value Investment Corp. Buys 11,300 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. acquired 11,300 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was purchased at an average price of $1.98 per share, with a total value of $22,374.00. Following the completion of the transaction, the insider owned 1,971,306 shares of the company’s stock, valued at approximately $3,903,185.88. This trade represents a 0.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, November 4th, Global Value Investment Corp. purchased 8,935 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.64 per share, for a total transaction of $14,653.40.
• On Friday, October 24th, Global Value Investment Corp. purchased 6,720 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average cost of $1.82 per share, for a total transaction of $12,230.40.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $2.23 on Friday. The firm’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $1.69. The company has a market cap of $20.81 million, a P/E ratio of -4.29 and a beta of 0.71. Rocky Mountain Chocolate Factory, Inc. has a one year low of $1.12 and a one year high of $2.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The firm had revenue of $7.54 million for the quarter.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC raised its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,567 shares of the company’s stock after buying an additional 8,172 shares during the quarter. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent SEC filing. 50.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rocky Mountain Chocolate Factory presently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.