Allen Harper Sells 50,000 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Allen Harper sold 50,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the completion of the sale, the insider owned 860,000 shares of the company’s stock, valued at $2,107,000. This trade represents a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Rocky Mountain Chocolate Factory Price Performance

Shares of Rocky Mountain Chocolate Factory stock remained flat at $2.54 during trading on Friday. The stock had a trading volume of 89,793 shares, compared to its average volume of 48,178. The firm’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.08. Rocky Mountain Chocolate Factory, Inc. has a 52-week low of $1.14 and a 52-week high of $2.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93. The firm has a market cap of $23.70 million, a P/E ratio of -4.88 and a beta of 0.70.

Analyst Ratings Changes

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 MarketBeat.com, Rocky Mountain Chocolate Factory has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Capital Advisory LLC grew its position in 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 in the last quarter. DRW Securities LLC purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter worth about $235,000. Thompson Davis & CO. Inc. purchased a new position in Rocky Mountain Chocolate Factory during the first quarter worth $215,000. Finally, Dimensional Fund Advisors LP boosted its stake in Rocky Mountain Chocolate Factory by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock worth $213,000 after buying an additional 10,572 shares during the period. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.