Insider Buying: Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Major Shareholder Acquires 7,409 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. bought 7,409 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were purchased at an average price of $2.32 per share, for a total transaction of $17,188.88. Following the completion of the acquisition, the insider now owns 1,258,892 shares of the company’s stock, valued at $2,920,629.44. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Global Value Investment Corp. also recently made the following trade(s):

• On Monday, September 16th, Global Value Investment Corp. sold 820 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $1.75, for a total transaction of $1,435.00.
• On Friday, October 18th, Global Value Investment Corp. acquired 23,700 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average price of $2.14 per share, for a total transaction of $50,718.00.

Rocky Mountain Chocolate Factory Trading Up 0.4 %

Shares of RMCF stock traded up $0.01 on Tuesday, hitting $2.42. The company’s stock had a trading volume of 8,307 shares, compared to its average volume of 19,701. Rocky Mountain Chocolate Factory, Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $5.15. The stock’s 50 day moving average is $1.92 and its 200-day moving average is $2.43.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a report on Thursday, October 17th. They set a “hold” rating for the company.

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.