Key Points
- Major shareholder Allen Harper sold 35,900 shares of Rocky Mountain Chocolate Factory at $2.45 per share, totaling about $87,955. After the sale, he still owned 910,000 shares, a 3.8% reduction in his stake.
- The stock opened at $2.54 and has been trading between its 52-week low of $1.14 and 52-week high of $2.99. Rocky Mountain Chocolate Factory has a market cap of $23.7 million and a beta of 0.70.
- Sentiment remains weak: Weiss Ratings reiterated a “sell (d-)” rating, and MarketBeat shows an average analyst rating of “Sell.” Institutional investors, however, now own 50.27% of the company’s shares.
Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF - Get Free Report) major shareholder Allen Harper sold 35,900 shares of Rocky Mountain Chocolate Factory stock in a transaction on Friday, May 1st. The shares were sold at an average price of $2.45, for a total value of $87,955.00. Following the transaction, the insider owned 910,000 shares in the company, valued at $2,229,500. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Rocky Mountain Chocolate Factory Stock Performance
NASDAQ:RMCF opened at $2.54 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 stock has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.08. The firm has a market capitalization of $23.70 million, a PE ratio of -4.88 and a beta of 0.70. Rocky Mountain Chocolate Factory, Inc. has a 52-week low of $1.14 and a 52-week high of $2.99.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Rocky Mountain Chocolate Factory in a research note on Monday, March 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Rocky Mountain Chocolate Factory has an average rating of "Sell".
View Our Latest Stock Report on Rocky Mountain Chocolate Factory
Institutional Investors Weigh In On Rocky Mountain Chocolate Factory
Several institutional investors and hedge funds have recently modified their holdings of the stock. American Capital Advisory LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth $134,000. Dimensional Fund Advisors LP grew 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 valued at $213,000 after acquiring an additional 10,572 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in Rocky Mountain Chocolate Factory during the first quarter valued at $215,000. Finally, DRW Securities LLC bought a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $235,000. Institutional investors own 50.27% of the company's stock.
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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