Heritage Railways In American Sells 35,900 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Heritage Railways In American sold 35,900 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $2.45, for a total transaction of $87,955.00. Following the completion of the transaction, the insider directly owned 910,000 shares of the company’s stock, valued at approximately $2,229,500. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, May 4th, Heritage Railways In American sold 50,000 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00.
• 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 transaction of $23,186.80.
• On Wednesday, March 4th, Heritage Railways In American sold 11,297 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total transaction of $29,372.20.
• On Friday, February 27th, Heritage Railways In American sold 5,241 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total transaction 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 stock was 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 stock was 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 transaction of $5,240.00.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $2.54 on Friday. The company has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.08. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.14 and a 1-year high of $2.99. 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 firm has a market cap of $23.71 million, a PE ratio of -4.88 and a beta of 0.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Monday, March 30th. 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”.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at about $134,000. Dimensional Fund Advisors LP lifted its stake in Rocky Mountain Chocolate Factory by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after purchasing an additional 10,572 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Rocky Mountain Chocolate Factory in the 1st quarter valued at about $215,000. Finally, DRW Securities LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at about $235,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.