Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Major Shareholder Heritage Railways In American Sells 35,900 Shares

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) major shareholder Heritage Railways In American sold 35,900 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $2.45, for a total transaction of $87,955.00. Following the transaction, the insider directly owned 910,000 shares of the company’s stock, valued at $2,229,500. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 Monday, May 4th, Heritage Railways In American sold 50,000 shares of Rocky Mountain Chocolate Factory stock. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00.
• On Thursday, March 5th, Heritage Railways In American sold 8,918 shares of Rocky Mountain Chocolate Factory stock. The shares were sold at an average price of $2.60, for a total value of $23,186.80.
• On Wednesday, March 4th, Heritage Railways In American sold 11,297 shares of Rocky Mountain Chocolate Factory stock. The stock was 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 shares were 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 shares were 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 shares were 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 stock was 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 Stock Performance

NASDAQ RMCF opened at $2.54 on Friday. The company has a market cap of $23.70 million, a PE ratio of -4.88 and a beta of 0.70. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. Rocky Mountain Chocolate Factory, Inc. has a 12 month low of $1.14 and a 12 month high of $2.99. The stock has a 50 day moving average of $2.35 and a 200-day moving average of $2.08.

Institutional Trading of Rocky Mountain Chocolate Factory

A number of hedge funds have recently modified their holdings of RMCF. Dimensional Fund Advisors LP boosted its holdings 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 worth $213,000 after buying an additional 10,572 shares during the period. American Capital Advisory LLC raised its holdings in Rocky Mountain Chocolate Factory by 90.6% in the 1st quarter. American Capital Advisory LLC now owns 134,867 shares of the company’s stock valued at $303,000 after acquiring an additional 64,108 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Rocky Mountain Chocolate Factory during the first quarter worth approximately $215,000. Finally, DRW Securities LLC bought a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $235,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Monday, March 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently 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.