Rice Hall James & Associates LLC lowered its stake in shares of Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 35,414 shares of the company’s stock after selling 274 shares during the period. Rice Hall James & Associates LLC’s holdings in Rocky Mountain Chocolate Factory were worth $359,000 as of its most recent SEC filing.
Separately, North Star Investment Management Corp. raised its position in shares of Rocky Mountain Chocolate Factory by 5.1% in the second quarter. North Star Investment Management Corp. now owns 82,525 shares of the company’s stock valued at $838,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 37.03% of the company’s stock.
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) traded up 2.50% during midday trading on Monday, hitting $10.65. 17,160 shares of the stock traded hands. Rocky Mountain Chocolate Factory Inc. has a 52 week low of $9.30 and a 52 week high of $12.16. The stock has a market capitalization of $61.84 million, a P/E ratio of 14.55 and a beta of 0.61. The stock’s 50-day moving average price is $10.51 and its 200-day moving average price is $10.19.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Tuesday, September 6th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.51%. Rocky Mountain Chocolate Factory’s dividend payout ratio is 65.75%.
Several equities analysts have recently weighed in on RMCF shares. TD Securities reiterated a “hold” rating and set a $8.00 price objective (up previously from $7.00) on shares of Rocky Mountain Chocolate Factory in a report on Saturday, August 13th. TheStreet upgraded shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.46.
In other news, VP Gregory L. Pope sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $10.27, for a total value of $41,080.00. Following the completion of the sale, the vice president now directly owns 37,478 shares of the company’s stock, valued at approximately $384,899.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Franklin E. Crail sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $10.36, for a total transaction of $62,160.00. Following the completion of the sale, the insider now directly owns 464,103 shares of the company’s stock, valued at $4,808,107.08. The disclosure for this sale can be found here. 15.33% of the stock is currently owned by insiders.
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, Inc (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl, Inc and Other.
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