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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Allen Harper sold 5,241 shares of the stock in a transaction 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 transaction, the insider directly owned 966,115 shares in the company, valued at approximately $2,511,899. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $2.25 on Friday. The firm has a 50-day simple moving average of $2.41 and a 200-day simple moving average of $2.02. The stock has a market capitalization of $21.00 million, a price-to-earnings ratio of -4.33 and a beta of 0.72. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $1.14 and a 52 week high of $2.99.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently modified their holdings of the business. Salvus Wealth Management LLC raised its position in shares of Rocky Mountain Chocolate Factory by 53.1% in the third 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 last quarter. American Capital Advisory LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at about $134,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory in the first quarter valued at about $215,000. Finally, DRW Securities LLC acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $235,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Monday, March 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Trending Headlines about Rocky Mountain Chocolate Factory

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

• Positive Sentiment: Several institutional investors opened or increased small positions (DRW Securities, Thompson Davis & Co., American Capital Advisory, Salvus Wealth Management), which could provide modest support to the float. Institutional trading summary
• Neutral Sentiment: Technical mix: the 50‑day moving average (~$2.42) remains above the 200‑day (~$2.01), a mild technical positive, but the shares sit well below their 52‑week high and near the mid-to-lower range. RMCF technicals
• Negative Sentiment: Major shareholder Heritage Railways In American reported a sequence of staggered sales (Feb. 19–Mar. 5) totaling 54,100 shares at about $2.60 — a material, disclosed reduction of its stake. Heritage Railways SEC filing
• Negative Sentiment: Allen C. Harper, another major holder, filed matching staged sales over the same period (also totaling ~54,100 shares), signaling coordinated partial exits that increase selling pressure despite both retain large positions. Allen C. Harper SEC filing
• Negative Sentiment: Analyst sentiment remains weak: Weiss Ratings recently reiterated a “sell (D-)” view, reinforcing negative market perceptions. Weiss Ratings note
• Negative Sentiment: Fundamentals show pressure: most recent quarter reported a small EPS loss, negative margins and a quick ratio below 1, which supports cautious investor stance. RMCF financials

Rocky Mountain Chocolate Factory Company Profile

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.