Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Sells $122,500.00 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Heritage Railways In American sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2.45, for a total value of $122,500.00. Following the completion of the transaction, the insider owned 860,000 shares in the company, valued at approximately $2,107,000. This represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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 Friday, May 1st, Heritage Railways In American sold 35,900 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.45, for a total transaction of $87,955.00.
• On Thursday, March 5th, Heritage Railways In American sold 8,918 shares of Rocky Mountain Chocolate Factory stock. The stock was 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 Friday, February 27th, Heritage Railways In American sold 5,241 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total transaction of $13,626.60.
• 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 Price Performance

RMCF remained flat at $2.54 during trading on Friday. 89,793 shares of the company’s stock were exchanged, compared to its average volume of 48,178. The stock 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 twelve month low of $1.14 and a twelve month high of $2.99. The company has a 50 day simple moving average of $2.35 and a 200-day simple moving average of $2.08. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several large investors have recently made changes to their positions in RMCF. American Capital Advisory LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at $134,000. Dimensional Fund Advisors LP increased its position in shares of Rocky Mountain Chocolate Factory by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after purchasing an additional 10,572 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory during the 1st quarter valued at $215,000. Finally, DRW Securities LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at $235,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat, Rocky Mountain Chocolate Factory has a consensus 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.