Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Buys $31,031.00 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 11,935 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the purchase, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jeffrey Richart Geygan also recently made the following trade(s):

• On Tuesday, October 22nd, Jeffrey Richart Geygan purchased 2,000 shares of Rocky Mountain Chocolate Factory stock. The shares were acquired at an average price of $2.42 per share, for a total transaction of $4,840.00.

Rocky Mountain Chocolate Factory Stock Performance

RMCF stock opened at $2.77 on Friday. The company’s 50 day moving average price is $1.97 and its 200 day moving average price is $2.43. Rocky Mountain Chocolate Factory, Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The firm had revenue of $6.38 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory in a research note on Friday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.