Insider Selling: Rocky Mountain Chocolate Factory VP Sells 1,000 Shares of Stock (RMCF)
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) VP Gregory L. Pope unloaded 1,000 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $12.10, for a total value of $12,100.00. Following the sale, the vice president now directly owns 83,047 shares in the company, valued at approximately $1,004,869. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) traded down 0.10% on Tuesday, hitting $11.908. The stock had a trading volume of 1,858 shares. Rocky Mountain Chocolate Factory has a one year low of $11.31 and a one year high of $13.98. The stock has a 50-day moving average of $11.69 and a 200-day moving average of $11.81. The company has a market cap of $72.8 million and a P/E ratio of 17.53.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The company had revenue of $11.10 million for the quarter, compared to the consensus estimate of $11.42 million. Analysts expect that Rocky Mountain Chocolate Factory will post $0.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, May 30th.
Rocky Mountain Chocolate Factory, Inc is an international franchisor and confectionery manufacturer. The Company is engaged in the manufacture of a range of chocolate candies and other confectionery products.
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