Algert Global LLC Cuts Stake in Rocky Mountain Chocolate Factory, Inc. (RMCF)

Algert Global LLC reduced its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,823 shares of the company’s stock after selling 2,297 shares during the quarter. Algert Global LLC owned 0.40% of Rocky Mountain Chocolate Factory worth $203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Management Corp VA boosted its holdings in Rocky Mountain Chocolate Factory by 22.7% during the 3rd quarter. Capital Management Corp VA now owns 406,177 shares of the company’s stock valued at $4,163,000 after acquiring an additional 75,107 shares during the period. Taylor Hoffman Wealth Management boosted its holdings in Rocky Mountain Chocolate Factory by 19.7% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 303,060 shares of the company’s stock valued at $3,106,000 after acquiring an additional 49,868 shares during the period. North Star Investment Management Corp. boosted its holdings in Rocky Mountain Chocolate Factory by 7.7% during the 4th quarter. North Star Investment Management Corp. now owns 199,800 shares of the company’s stock valued at $1,702,000 after acquiring an additional 14,350 shares during the period. Cardinal Capital Management boosted its holdings in Rocky Mountain Chocolate Factory by 5.2% during the 4th quarter. Cardinal Capital Management now owns 47,568 shares of the company’s stock valued at $400,000 after acquiring an additional 2,363 shares during the period. Finally, Strategic Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory during the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 43.76% of the company’s stock.

Shares of RMCF stock opened at $8.65 on Tuesday. The stock has a market cap of $51.70 million, a P/E ratio of 18.48 and a beta of 0.52. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $7.95 and a 1-year high of $12.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 1.68.

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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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