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

Investment analysts at StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 1.0 %

Shares of NASDAQ:RMCF opened at $3.59 on Wednesday. Rocky Mountain Chocolate Factory has a twelve month low of $3.45 and a twelve month high of $5.99. The stock has a market capitalization of $22.66 million, a PE ratio of -5.27 and a beta of 1.06. The firm’s 50 day moving average price is $3.80 and its 200-day moving average price is $4.13.

Insiders Place Their Bets

In related news, Director Jeffrey Richart Geygan acquired 21,763 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the completion of the transaction, the director now directly owns 1,049,109 shares in the company, valued at approximately $4,301,346.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey Richart Geygan acquired 21,763 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the completion of the transaction, the director now directly owns 1,049,109 shares in the company, valued at approximately $4,301,346.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Global Value Investment Corp. acquired 10,650 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $4.09 per share, for a total transaction of $43,558.50. Following the transaction, the insider now owns 1,065,878 shares of the company’s stock, valued at $4,359,441.02. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 113,959 shares of company stock worth $466,521. Company insiders own 14.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RMCF. Leverty Financial Group LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at $54,000. Salvus Wealth Management LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at $53,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after purchasing an additional 11,160 shares in the last quarter. 50.27% of the stock is owned by hedge funds and other institutional investors.

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.