Heritage Railways In American Sells 50,000 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Free Report) major shareholder Heritage Railways In American sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2.45, for a total value of $122,500.00. Following the completion of the transaction, the insider owned 860,000 shares in the company, valued at approximately $2,107,000. This represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Heritage Railways In American also recently made the following trade(s):

  • On Friday, May 1st, Heritage Railways In American sold 35,900 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.45, for a total value of $87,955.00.
  • On Thursday, March 5th, Heritage Railways In American sold 8,918 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $23,186.80.
  • On Wednesday, March 4th, Heritage Railways In American sold 11,297 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $29,372.20.
  • On Friday, February 27th, Heritage Railways In American sold 5,241 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $13,626.60.
  • On Thursday, February 26th, Heritage Railways In American sold 18,715 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.61, for a total value of $48,846.15.
  • On Wednesday, February 25th, Heritage Railways In American sold 430 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $1,118.00.
  • On Friday, February 20th, Heritage Railways In American sold 7,499 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $19,497.40.
  • On Thursday, February 19th, Heritage Railways In American sold 2,000 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.62, for a total value of $5,240.00.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $2.54 on Friday. The stock has a market cap of $23.71 million, a P/E ratio of -4.88 and a beta of 0.70. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average is $2.35 and its 200-day moving average is $2.08. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.14 and a 1-year high of $2.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a report on Monday, March 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rocky Mountain Chocolate Factory presently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on RMCF

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Rocky Mountain Chocolate Factory by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock worth $213,000 after acquiring an additional 10,572 shares during the period. American Capital Advisory LLC lifted its stake in shares of Rocky Mountain Chocolate Factory by 90.6% in the first quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock worth $303,000 after acquiring an additional 64,108 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Rocky Mountain Chocolate Factory in the first quarter worth approximately $215,000. Finally, DRW Securities LLC acquired a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth approximately $235,000. 50.27% of the stock is owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Company Profile

(Get Free Report)

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.

Further Reading

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

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