Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Sells $13,626.60 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Heritage Railways In American sold 5,241 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $2.60, for a total transaction of $13,626.60. Following the completion of the transaction, the insider owned 966,115 shares of the company’s stock, valued at $2,511,899. This trade represents a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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.

Heritage Railways In American also recently made the following trade(s):

• On Thursday, March 5th, Heritage Railways In American sold 8,918 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $23,186.80.
• On Wednesday, March 4th, Heritage Railways In American sold 11,297 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $29,372.20.
• On Thursday, February 26th, Heritage Railways In American sold 18,715 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.61, for a total transaction of $48,846.15.
• On Wednesday, February 25th, Heritage Railways In American sold 430 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $1,118.00.
• On Friday, February 20th, Heritage Railways In American sold 7,499 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $19,497.40.
• On Thursday, February 19th, Heritage Railways In American sold 2,000 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.62, for a total transaction of $5,240.00.

Rocky Mountain Chocolate Factory Stock Down 2.6%

Shares of RMCF stock traded down $0.06 during trading on Thursday, reaching $2.28. The company’s stock had a trading volume of 13,855 shares, compared to its average volume of 19,951. 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 company has a market capitalization of $21.27 million, a price-to-earnings ratio of -4.38 and a beta of 0.72. The stock’s 50-day moving average price is $2.42 and its 200 day moving average price is $2.01. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.14 and a 1-year high of $2.99.

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

More Rocky Mountain Chocolate Factory News

Here are the key news stories impacting Rocky Mountain Chocolate Factory this week:

• Negative Sentiment: Heritage Railways In American reported a series of sales (Feb. 19–Mar. 5) totaling 54,100 shares at an average price near $2.60 — a modest reduction (~5% of that holder’s stake). The sales were staggered across several days and were disclosed to the SEC. Heritage Railways SEC filing
• Negative Sentiment: Allen C. Harper (also a major shareholder) filed matching sales over the same Feb. 19–Mar. 5 period, totaling 54,100 shares sold at ~ $2.60. Like the Heritage filings, Harper still retains a large position (~945k–998k shares), so these look like partial, staged exits rather than complete divestitures. Allen Harper SEC filing

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Rocky Mountain Chocolate Factory

Several institutional investors and hedge funds have recently bought and sold shares of the business. DRW Securities LLC acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at $235,000. Thompson Davis & CO. Inc. acquired a new position in Rocky Mountain Chocolate Factory in the 1st quarter valued at $215,000. American Capital Advisory LLC acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at $134,000. Finally, Salvus Wealth Management LLC increased its stake in Rocky Mountain Chocolate Factory by 53.1% in the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after buying an additional 8,172 shares during the period. Hedge funds and other institutional investors own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.