Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Global Value Investment Corp. Acquires 11,300 Shares

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Global Value Investment Corp. bought 11,300 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were acquired at an average cost of $1.98 per share, with a total value of $22,374.00. Following the completion of the transaction, the insider owned 1,971,306 shares in the company, valued at approximately $3,903,185.88. The trade was a 0.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, November 4th, Global Value Investment Corp. purchased 8,935 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.64 per share, for a total transaction of $14,653.40.
• On Friday, October 24th, Global Value Investment Corp. acquired 6,720 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average price of $1.82 per share, with a total value of $12,230.40.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock opened at $1.96 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66. The firm has a market cap of $18.29 million, a price-to-earnings ratio of -3.77 and a beta of 0.71. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $1.12 and a 52 week high of $2.25. The firm’s 50-day simple moving average is $1.77 and its two-hundred day simple moving average is $1.69.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $7.54 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC increased its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 23,567 shares of the company’s stock after purchasing an additional 8,172 shares during the period. Salvus Wealth Management LLC owned 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent SEC filing. 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.