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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $3.56 on Wednesday. Rocky Mountain Chocolate Factory has a 1 year low of $3.45 and a 1 year high of $5.99. The stock’s 50-day moving average price is $3.79 and its two-hundred day moving average price is $4.12.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors have recently modified their holdings of RMCF. Leverty Financial Group LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $54,000. Salvus Wealth Management LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $53,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% during the 4th 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. Institutional investors own 50.27% of the company’s stock.

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.