Insider Buying: Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Acquires 11,300 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. acquired 11,300 shares of the firm’s stock in a transaction 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 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were acquired at an average price of $1.64 per share, for a total transaction of $14,653.40.
• On Friday, October 24th, Global Value Investment Corp. acquired 6,720 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average price of $1.82 per share, with a total value of $12,230.40.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF traded down $0.07 during trading hours on Thursday, reaching $1.96. 14,533 shares of the company were exchanged, compared to its average volume of 42,232. The stock’s 50-day moving average is $1.77 and its 200-day moving average is $1.69. Rocky Mountain Chocolate Factory, Inc. has a twelve month low of $1.12 and a twelve month high of $2.25. The firm has a market cap of $18.29 million, a PE ratio of -3.77 and a beta of 0.71. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29.

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

Institutional Trading of Rocky Mountain Chocolate Factory

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

Analysts Set New Price Targets

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