Key Points
- Major shareholder Global Value Investment Corp. purchased 11,300 shares of Rocky Mountain Chocolate Factory on January 16 at an average price of $1.98, raising its stake to 1,971,306 shares (about $3.9M), a 0.58% ownership increase.
- RMCF reported a quarterly loss of ($0.02) EPS on $7.54M revenue and shows negative profitability (net margin -13.62%, ROE -62.48%), with a market capitalization of $18.29M and the stock recently trading down ~3.4%.
- Market sentiment is weak: Weiss Ratings reaffirmed a “Sell” rating (MarketBeat’s consensus is also Sell), while institutional investors hold roughly 50.27% of the stock and Salvus Wealth Management recently increased its position.
Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF - Get Free Report) major shareholder Global Value Investment Corp. bought 11,300 shares of the stock in a transaction on Friday, January 16th. The stock was purchased at an average price of $1.98 per share, for a total transaction of $22,374.00. Following the completion of the purchase, the insider directly owned 1,971,306 shares in the company, valued at approximately $3,903,185.88. This represents a 0.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock 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. acquired 8,935 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average price 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 acquired at an average cost of $1.82 per share, with a total value of $12,230.40.
Rocky Mountain Chocolate Factory Trading Down 3.4%
Shares of RMCF opened at $1.96 on Friday. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.12 and a 1-year high of $2.25. The company has a market capitalization of $18.29 million, a P/E ratio of -3.77 and a beta of 0.71. 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's 50 day simple moving average is $1.77 and its 200 day simple moving average is $1.69.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF - Get Free Report) last released its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) EPS for the quarter. The company had revenue of $7.54 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.
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 boosted its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF - Free Report) by 53.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,567 shares of the company's stock after purchasing an additional 8,172 shares during the period. Salvus Wealth Management LLC owned approximately 0.30% of Rocky Mountain Chocolate Factory worth $37,000 at the end of the most recent reporting period. 50.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rocky Mountain Chocolate Factory currently has an average rating of "Sell".
Check Out Our Latest Report on RMCF
About Rocky Mountain Chocolate Factory
(
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.
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