Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Price Performance

RMCF opened at $3.56 on Tuesday. The business has a 50 day simple moving average of $3.87 and a two-hundred day simple moving average of $4.18. The firm has a market capitalization of $22.50 million, a price-to-earnings ratio of -5.24 and a beta of 1.06. Rocky Mountain Chocolate Factory has a one year low of $3.45 and a one year high of $5.99.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan purchased 21,763 shares of the stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $4.10 per share, with a total value of $89,228.30. Following the transaction, the director now directly owns 1,049,109 shares of the company’s stock, valued at approximately $4,301,346.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Global Value Investment Corp. bought 10,650 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $4.09 per share, with a total value of $43,558.50. Following the transaction, the insider now owns 1,065,878 shares of the company’s stock, valued at $4,359,441.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Richart Geygan bought 21,763 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $4.10 per share, with a total value 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 acquired 113,959 shares of company stock valued at $466,521 in the last 90 days. Insiders own 14.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Salvus Wealth Management LLC grew its stake in shares of Rocky Mountain Chocolate Factory by 33.5% in the 1st quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after buying an additional 3,865 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Rocky Mountain Chocolate Factory by 360.0% in the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after buying an additional 11,160 shares during the last quarter. Leverty Financial Group LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $54,000. BlackRock Inc. grew its stake in shares of Rocky Mountain Chocolate Factory by 20.2% in the 2nd quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock worth $70,000 after buying an additional 2,182 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Rocky Mountain Chocolate Factory by 2.1% in the 1st quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock worth $1,925,000 after buying an additional 7,300 shares during the last quarter. Institutional investors own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.