Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) saw a significant drop in short-term sales interest in March. As of March 31, there was short interest totaling 4,300 shares, a decline of 65.3% from the total of 12,400 shares as of March 15. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 11,100 shares, the day-to-cover ratio is currently 0.4 days.
In other Rocky Mountain Chocolate Factory news, Vice President Ryan R. McGrath sold 4,464 shares of the company in a trade dated Monday, January 31. The stock was sold at an average price of $7.81, for a total value of $34,863.84. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Jeffrey Richart Geygan purchased 4,700 shares in a trade on Friday, January 28. The shares were acquired at an average cost of $7.76 per share, with a total value of $36,472.00. Disclosure of this purchase can be found here. Over the past ninety days, insiders have bought 18,872 shares of the company worth $149,453 and sold 33,858 shares worth $271,539. 18.60% of the shares are held by insiders of the company.
A number of hedge funds have recently changed their positions in RMCF. Morgan Stanley increased its position in Rocky Mountain Chocolate Factory by 35.7% during the first quarter. Morgan Stanley now owns 11,400 shares of the company valued at $60,000 after acquiring 3,000 more shares in the last quarter. Geode Capital Management LLC bought a new position in Rocky Mountain Chocolate Factory during the third quarter worth approximately $100,000. Redmond Asset Management LLC increased its position in Rocky Mountain Chocolate Factory by 132.4% during the fourth quarter. Redmond Asset Management LLC now owns 146,118 shares of the company valued at $1,145,000 after acquiring 83,247 additional shares last quarter. Finally, Ridgewood Investments LLC bought a new position in Rocky Mountain Chocolate Factory during the first quarter worth approximately $215,000. Institutional investors hold 52.48% of the company’s shares.
Separately, StockNews.com launched coverage on Rocky Mountain Chocolate Factory in a Monday, April 11 report. They set a “holding” rating for the company.
RMCF stock traded down $0.14 during Friday’s trading, hitting $6.89. 3,480 shares of the company were traded, against an average volume of 7,749. The stock’s 50-day simple moving average is $7.70 and its 200-day simple moving average is $8.09. The company has a market capitalization of $42.58 million, a PE ratio of 29.96 and a beta of 1.12. Rocky Mountain Chocolate Factory has a 1-year minimum of $5.43 and a 1-year maximum of $10.36.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last reported quarterly results on Thursday, January 13. The company reported earnings per share of $0.04 for the quarter. The company had revenue of $8.51 million in the quarter. Rocky Mountain Chocolate Factory had a return on equity of 16.57% and a net margin of 4.55%.
Rocky Mountain Chocolate Factory Company Profile (Get an evaluation)
Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a franchisor, manufacturer and retail operator of confectionery. It operates through five segments: franchising, manufacturing, retail stores, U-Swirl operations and others. The company produces approximately 450 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints and truffles; and offers 15 varieties of caramel apples and other products prepared in individual stores, as well as ice cream, coffee and other sundries.
Get news and reviews for Rocky Mountain Chocolate Factory Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Rocky Mountain Chocolate Factory and related companies with MarketBeat.com’s free daily email newsletter.