Taylor Hoffman Wealth Management boosted its stake in Rocky Mountain Chocolate Factory (NASDAQ:RMCF) by 213.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,954 shares of the company’s stock after purchasing an additional 123,962 shares during the quarter. Rocky Mountain Chocolate Factory comprises about 2.0% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 8th largest holding. Taylor Hoffman Wealth Management owned about 3.08% of Rocky Mountain Chocolate Factory worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Capital Management Corp VA increased its holdings in Rocky Mountain Chocolate Factory by 3.3% in the fourth quarter. Capital Management Corp VA now owns 274,130 shares of the company’s stock valued at $3,229,000 after purchasing an additional 8,800 shares during the last quarter. 43.22% of the stock is owned by institutional investors and hedge funds.
Separately, TheStreet upgraded Rocky Mountain Chocolate Factory from a “c+” rating to a “b” rating in a report on Friday, February 16th.
Rocky Mountain Chocolate Factory traded down $0.24, reaching $11.15, on Thursday, according to Marketbeat Ratings. The company had a trading volume of 1,614 shares, compared to its average volume of 5,830. The company has a current ratio of 1.90, a quick ratio of 1.31 and a debt-to-equity ratio of 0.06. Rocky Mountain Chocolate Factory has a 52 week low of $11.01 and a 52 week high of $12.60. The company has a market capitalization of $67.14 million, a PE ratio of 20.67 and a beta of 0.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, June 4th. This represents a $0.48 dividend on an annualized basis and a yield of 4.30%.
Rocky Mountain Chocolate Factory 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 350 chocolate candies and other confectionery products, including clusters, caramels, creams, 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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