Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Sells $122,500.00 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Heritage Railways In American sold 50,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the transaction, the insider owned 860,000 shares in the company, valued at $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Heritage Railways In American also recently made the following trade(s):

• On Friday, May 1st, Heritage Railways In American sold 35,900 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.45, for a total value of $87,955.00.
• On Thursday, March 5th, Heritage Railways In American sold 8,918 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $23,186.80.
• On Wednesday, March 4th, Heritage Railways In American sold 11,297 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total value of $29,372.20.
• On Friday, February 27th, Heritage Railways In American sold 5,241 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total value of $13,626.60.
• On Thursday, February 26th, Heritage Railways In American sold 18,715 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.61, for a total transaction of $48,846.15.
• On Wednesday, February 25th, Heritage Railways In American sold 430 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $1,118.00.
• On Friday, February 20th, Heritage Railways In American sold 7,499 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $19,497.40.
• On Thursday, February 19th, Heritage Railways In American sold 2,000 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.62, for a total value of $5,240.00.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF remained flat at $2.54 during mid-day trading on Friday. The company had a trading volume of 89,793 shares, compared to its average volume of 48,178. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $1.14 and a 52 week high of $2.99. The firm has a market cap of $23.70 million, a price-to-earnings ratio of -4.88 and a beta of 0.70. The company has a 50 day moving average price of $2.35 and a 200-day moving average price of $2.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC bought a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $235,000. Dimensional Fund Advisors LP grew its position in Rocky Mountain Chocolate Factory by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after acquiring an additional 10,572 shares during the last quarter. American Capital Advisory LLC grew its position in Rocky Mountain Chocolate Factory by 90.6% in the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after acquiring an additional 64,108 shares during the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in Rocky Mountain Chocolate Factory in the first quarter valued at about $215,000. 50.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Monday, March 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rocky Mountain Chocolate Factory 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.