Insider Selling: Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Sells 8,918 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Heritage Railways In American sold 8,918 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $2.60, for a total value of $23,186.80. Following the transaction, the insider directly owned 945,900 shares of the company’s stock, valued at $2,459,340. This represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 value of $29,372.20.
• On Friday, February 27th, Heritage Railways In American sold 5,241 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value of $13,626.60.
• On Thursday, February 26th, Heritage Railways In American sold 18,715 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.61, for a total value of $48,846.15.
• On Wednesday, February 25th, Heritage Railways In American sold 430 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.60, for a total value 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 value of $19,497.40.
• On Thursday, February 19th, Heritage Railways In American sold 2,000 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.62, for a total value of $5,240.00.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF traded down $0.06 during midday 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 quick ratio of 0.93 and a current ratio of 1.66. Rocky Mountain Chocolate Factory, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $2.99. The business’s 50 day moving average price is $2.42 and its two-hundred day moving average price is $2.01. The company has a market cap of $21.27 million, a P/E ratio of -4.38 and a beta of 0.72.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds have recently modified their holdings of the company. Salvus Wealth Management LLC boosted its stake in Rocky Mountain Chocolate Factory by 53.1% during the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after acquiring an additional 8,172 shares in the last quarter. American Capital Advisory LLC bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $134,000. DRW Securities LLC bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $235,000. Finally, Thompson Davis & CO. Inc. bought a new stake in Rocky Mountain Chocolate Factory during the first quarter worth about $215,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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, According to MarketBeat, the company has an average rating of “Sell”.

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.