Bryan J. Merryman Sells 20,000 Shares of Rocky Mountain Chocolate Factory, Inc. (RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CFO Bryan J. Merryman sold 20,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $12.23, for a total value of $244,600.00. Following the completion of the sale, the chief financial officer now owns 67,600 shares of the company’s stock, valued at approximately $826,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) traded down $0.05 on Monday, hitting $12.39. The stock had a trading volume of 3,357 shares, compared to its average volume of 15,311. The stock has a market capitalization of $73.44, a price-to-earnings ratio of 22.53 and a beta of 0.78. Rocky Mountain Chocolate Factory, Inc. has a one year low of $10.67 and a one year high of $13.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.86 and a quick ratio of 1.16.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Friday, January 12th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $9.96 million during the quarter. Rocky Mountain Chocolate Factory had a return on equity of 16.75% and a net margin of 8.50%.

Separately, TheStreet lowered Rocky Mountain Chocolate Factory from a “b” rating to a “c+” rating in a report on Friday, January 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMCF. Vanguard Group Inc. lifted its holdings in shares of Rocky Mountain Chocolate Factory by 2.0% in the second quarter. Vanguard Group Inc. now owns 198,217 shares of the company’s stock valued at $2,339,000 after purchasing an additional 3,909 shares in the last quarter. FMR LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 10.7% in the second quarter. FMR LLC now owns 591,531 shares of the company’s stock valued at $6,980,000 after purchasing an additional 57,032 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Rocky Mountain Chocolate Factory by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 191,420 shares of the company’s stock valued at $2,259,000 after purchasing an additional 7,189 shares in the last quarter. Cardinal Capital Management lifted its holdings in shares of Rocky Mountain Chocolate Factory by 12.5% in the third quarter. Cardinal Capital Management now owns 43,813 shares of the company’s stock valued at $517,000 after purchasing an additional 4,864 shares in the last quarter. Finally, Steinberg Global Asset Management purchased a new stake in shares of Rocky Mountain Chocolate Factory in the third quarter valued at $870,000. Institutional investors own 40.19% of the company’s stock.

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About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc is an international franchisor, confectionery manufacturer and retail operator. The Company’s subsidiary, U-Swirl International, Inc (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl operations and Other.

Insider Buying and Selling by Quarter for Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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