North Star Investment Management Corp. boosted its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,650 shares of the company’s stock after buying an additional 5,000 shares during the period. North Star Investment Management Corp.’s holdings in Rocky Mountain Chocolate Factory were worth $1,560,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in RMCF. Cardinal Capital Management increased its position in Rocky Mountain Chocolate Factory by 2.3% in the first quarter. Cardinal Capital Management now owns 32,270 shares of the company’s stock valued at $364,000 after buying an additional 727 shares during the period. Dimensional Fund Advisors LP increased its position in Rocky Mountain Chocolate Factory by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 184,231 shares of the company’s stock valued at $2,078,000 after buying an additional 1,871 shares during the period. O Shaughnessy Asset Management LLC increased its position in Rocky Mountain Chocolate Factory by 59.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,526 shares of the company’s stock valued at $107,000 after buying an additional 3,565 shares during the period. Renaissance Technologies LLC increased its position in Rocky Mountain Chocolate Factory by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 488,185 shares of the company’s stock valued at $4,975,000 after buying an additional 11,000 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Rocky Mountain Chocolate Factory by 41.8% in the first quarter. Rice Hall James & Associates LLC now owns 43,954 shares of the company’s stock valued at $496,000 after buying an additional 12,963 shares during the period. Hedge funds and other institutional investors own 38.50% of the company’s stock.
Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) traded down 0.1605% during trading on Wednesday, reaching $11.1322. The company had a trading volume of 1,113 shares. The stock has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.49. The firm has a market capitalization of $65.22 million, a P/E ratio of 18.5537 and a beta of 0.90. Rocky Mountain Chocolate Factory, Inc. has a 52 week low of $9.65 and a 52 week high of $13.23.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Thursday, July 6th. The company reported $0.14 earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a net margin of 9.23% and a return on equity of 18.66%. The business had revenue of $9.35 million for the quarter. Analysts predict that Rocky Mountain Chocolate Factory, Inc. will post $0.71 earnings per share for the current year.
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In other news, VP Gregory L. Pope sold 4,100 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $11.08, for a total transaction of $45,428.00. Following the sale, the vice president now directly owns 30,311 shares of the company’s stock, valued at approximately $335,845.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 6,882 shares of company stock worth $76,573. Corporate insiders own 13.12% of the company’s stock.
Rocky Mountain Chocolate Factory Company Profile
Rocky Mountain Chocolate Factory, Inc is an international franchisor, confectionery manufacturer and retail operator. The Company’s subsidiary, U-Swirl International, Inc (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl operations and Other.
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