Taylor Hoffman Wealth Management Sells 11,109 Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)

Taylor Hoffman Wealth Management lessened its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 203,272 shares of the company’s stock after selling 11,109 shares during the period. Rocky Mountain Chocolate Factory makes up approximately 1.4% of Taylor Hoffman Wealth Management’s holdings, making the stock its 20th largest holding. Taylor Hoffman Wealth Management’s holdings in Rocky Mountain Chocolate Factory were worth $1,901,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RMCF. North Star Investment Management Corp. grew its position in Rocky Mountain Chocolate Factory by 5.1% in the 2nd quarter. North Star Investment Management Corp. now owns 211,550 shares of the company’s stock worth $1,777,000 after purchasing an additional 10,200 shares during the period. Renaissance Technologies LLC grew its position in Rocky Mountain Chocolate Factory by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 476,923 shares of the company’s stock worth $4,006,000 after purchasing an additional 6,216 shares during the period. BlackRock Inc. grew its position in Rocky Mountain Chocolate Factory by 6.4% in the 2nd quarter. BlackRock Inc. now owns 30,311 shares of the company’s stock worth $254,000 after purchasing an additional 1,831 shares during the period. Vanguard Group Inc. grew its position in Rocky Mountain Chocolate Factory by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 284,628 shares of the company’s stock worth $2,391,000 after purchasing an additional 6,708 shares during the period. Finally, Cardinal Capital Management grew its position in Rocky Mountain Chocolate Factory by 2.2% in the 3rd quarter. Cardinal Capital Management now owns 51,674 shares of the company’s stock worth $483,000 after purchasing an additional 1,131 shares during the period. 41.52% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet raised shares of Rocky Mountain Chocolate Factory from a “c” rating to a “b-” rating in a research report on Friday, October 11th.

Shares of Rocky Mountain Chocolate Factory stock traded down $0.16 on Friday, hitting $8.49. 30,000 shares of the company’s stock were exchanged, compared to its average volume of 11,701. The stock has a market capitalization of $51.86 million, a PE ratio of 18.80 and a beta of 0.40. Rocky Mountain Chocolate Factory, Inc. has a 1 year low of $7.95 and a 1 year high of $9.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.05 and a current ratio of 2.88. The company has a 50-day simple moving average of $9.20 and a 200-day simple moving average of $9.10.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Friday, October 11th. The company reported $0.15 EPS for the quarter. The business had revenue of $7.39 million for the quarter. Rocky Mountain Chocolate Factory had a net margin of 7.57% and a return on equity of 12.53%.

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 five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 700 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.

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Institutional Ownership by Quarter for Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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