Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF - Get Free Report) major shareholder Global Value Investment Corp. acquired 7,409 shares of the company's stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average price of $2.32 per share, for a total transaction of $17,188.88. Following the purchase, the insider now owns 1,258,892 shares of the company's stock, valued at $2,920,629.44. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Monday, September 16th, Global Value Investment Corp. sold 820 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $1.75, for a total value of $1,435.00.
- On Friday, October 18th, Global Value Investment Corp. purchased 23,700 shares of Rocky Mountain Chocolate Factory stock. The shares were purchased at an average cost of $2.14 per share, for a total transaction of $50,718.00.
Rocky Mountain Chocolate Factory Price Performance
NASDAQ RMCF opened at $2.39 on Wednesday. The company's 50 day moving average is $1.93 and its 200-day moving average is $2.42. Rocky Mountain Chocolate Factory, Inc. has a 12-month low of $1.50 and a 12-month high of $5.15.
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Rocky Mountain Chocolate Factory (NASDAQ:RMCF - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%. The business had revenue of $6.38 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC grew its holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF - Free Report) by 52.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,521 shares of the company's stock after acquiring an additional 10,440 shares during the quarter. Leverty Financial Group LLC owned about 0.48% of Rocky Mountain Chocolate Factory worth $67,000 at the end of the most recent quarter. 50.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Rocky Mountain Chocolate Factory in a research note on Thursday, October 17th. They issued a "hold" rating on the stock.
Read Our Latest Research Report on RMCF
About Rocky Mountain Chocolate Factory
(
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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.
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