Insider Buying: Rocky Mountain Chocolate Factory (NASDAQ:RMCF) CEO Purchases 11,300 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 11,300 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was acquired at an average cost of $1.98 per share, with a total value of $22,374.00. Following the completion of the acquisition, the chief executive officer directly owned 1,792,478 shares in the company, valued at approximately $3,549,106.44. This trade represents a 0.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jeffrey Richart Geygan also recently made the following trade(s):

• On Tuesday, November 4th, Jeffrey Richart Geygan acquired 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.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF traded up $0.34 during trading hours on Friday, reaching $2.30. The company’s stock had a trading volume of 21,143 shares, compared to its average volume of 46,081. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. The business has a 50-day simple moving average of $1.77 and a 200 day simple moving average of $1.69. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $1.12 and a 52 week high of $2.25. The stock has a market cap of $21.46 million, a PE ratio of -4.40 and a beta of 0.71.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC lifted its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,567 shares of the company’s stock after purchasing 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 filing with the SEC. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Analyst Ratings Changes

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

About Rocky Mountain Chocolate Factory

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.