Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock opened at $3.51 on Tuesday. Rocky Mountain Chocolate Factory has a one year low of $3.45 and a one year high of $5.99. The company’s 50-day moving average is $3.88 and its 200 day moving average is $4.18. The company has a market capitalization of $22.18 million, a price-to-earnings ratio of -5.16 and a beta of 1.06.

Insider Activity at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. purchased 10,650 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $4.09 per share, with a total value of $43,558.50. Following the acquisition, the insider now directly owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Global Value Investment Corp. purchased 10,650 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $4.09 per share, with a total value of $43,558.50. Following the acquisition, the insider now directly owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Richart Geygan purchased 21,763 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $4.10 per share, for a total transaction of $89,228.30. Following the acquisition, the director now owns 1,049,109 shares in the company, valued at $4,301,346.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 113,959 shares of company stock valued at $466,521. 14.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors have recently made changes to their positions in RMCF. Citadel Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory in the 3rd quarter worth approximately $62,000. Renaissance Technologies LLC lifted its stake in shares of Rocky Mountain Chocolate Factory by 2.1% in the 1st quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock worth $1,925,000 after purchasing an additional 7,300 shares during the period. BlackRock Inc. lifted its stake in shares of Rocky Mountain Chocolate Factory by 20.2% in the 2nd quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock worth $70,000 after purchasing an additional 2,182 shares during the period. Salvus Wealth Management LLC bought a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $53,000. Finally, Leverty Financial Group LLC bought a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $54,000. Institutional investors own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.