Rocky Mountain Chocolate Factory, Inc.
US ˙ NasdaqCM ˙ US77467X1019

Introduction

This page provides a comprehensive analysis of the known insider trading history of M Kinney Jeremy. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate M Kinney Jeremy has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:RMCF / Rocky Mountain Chocolate Factory, Inc. VP Finance 19,696
VP Finance 28,499
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by M Kinney Jeremy. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases RMCF / Rocky Mountain Chocolate Factory, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in RMCF / Rocky Mountain Chocolate Factory, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RMCF / Rocky Mountain Chocolate Factory, Inc. Insider Trades
Insider Sales RMCF / Rocky Mountain Chocolate Factory, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in RMCF / Rocky Mountain Chocolate Factory, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2016-01-26 RMCF Jeremy M Kinney 501 10.5300 501 10.5300 5,276 136 9.5400 -495 -9.39
2016-01-25 RMCF Jeremy M Kinney 2,499 10.5700 2,499 10.5700 26,414
2015-11-09 RMCF Jeremy M Kinney 932 10.8500 932 10.8500 10,112
2015-11-09 RMCF Jeremy M Kinney 602 10.8000 602 10.8000 6,502
2015-11-06 RMCF Jeremy M Kinney 266 11.0000 266 11.0000 2,926
2015-11-06 RMCF Jeremy M Kinney 200 10.9600 200 10.9600 2,192
2015-07-22 RMCF Jeremy M Kinney 915 12.8500 915 12.8500 11,758
2015-07-21 RMCF Jeremy M Kinney 72 12.9000 72 12.9000 929
2015-07-20 RMCF Jeremy M Kinney 2,721 12.9500 2,721 12.9500 35,237
2015-07-17 RMCF Jeremy M Kinney 95 13.0000 95 13.0000 1,235

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RMCF / Rocky Mountain Chocolate Factory, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by M Kinney Jeremy as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2016-01-26 2016-01-26 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -501 19,696 -2.48 10.53 -5,276 207,399
2016-01-26 2016-01-25 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -2,499 20,197 -11.01 10.57 -26,414 213,482
2015-11-09 2015-11-09 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -602 22,696 -2.58 10.80 -6,502 245,117
2015-11-09 2015-11-09 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -932 23,298 -3.85 10.85 -10,112 252,783
2015-11-09 2015-11-06 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -200 24,230 -0.82 10.96 -2,192 265,561
2015-11-09 2015-11-06 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -266 24,430 -1.08 11.00 -2,926 268,730
2015-07-23 2015-07-22 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -915 24,696 -3.57 12.85 -11,758 317,344
2015-07-21 2015-07-21 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -72 25,611 -0.28 12.90 -929 330,382
2015-07-21 2015-07-20 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -2,721 25,683 -9.58 12.95 -35,237 332,595
2015-07-21 2015-07-17 4 RMCF Rocky Mountain Chocolate Factory, Inc.
Common
S - Sale -95 28,404 -0.33 13.00 -1,235 369,252
2015-01-20 2015-01-20 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -200 28,499 -0.70 13.20 -2,640 376,187
2015-01-20 2015-01-16 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -2,000 28,699 -6.51 13.03 -26,060 373,948
2014-11-12 2014-11-12 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -300 30,699 -0.97 12.12 -3,636 372,072
2014-11-12 2014-11-11 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -1,200 30,999 -3.73 12.25 -14,700 379,738
2014-07-18 2014-07-17 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -561 32,199 -1.71 12.95 -7,265 416,977
2014-07-18 2014-07-17 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -50 32,760 -0.15 12.69 -634 415,724
2014-07-18 2014-07-17 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -400 32,810 -1.20 12.66 -5,064 415,375
2014-07-18 2014-07-17 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -1,989 33,210 -5.65 12.65 -25,161 420,106
2014-05-30 2014-05-29 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Stock Options
M - Exercise -4,760 0 -100.00 7.41 -35,263
2014-05-30 2014-05-29 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
F - Taxes -3,649 35,199 -9.39 11.80 -43,058 415,348
2014-05-30 2014-05-29 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
M - Exercise 4,760 38,848 13.96 7.41 35,263 287,794
2014-03-24 2014-03-24 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Stock Options
M - Exercise -5,000 4,760 -51.23 7.41 -37,041 35,263
2014-03-24 2014-03-24 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
M - Exercise 5,000 34,088 17.19 7.41 37,041 252,531
2014-02-03 2014-02-03 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -500 29,088 -1.69 11.98 -5,990 348,474
2014-02-03 2014-01-31 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -291 29,588 -0.97 11.75 -3,419 347,659
2014-02-03 2014-01-31 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -209 29,879 -0.69 11.65 -2,435 348,144
2014-02-03 2014-01-31 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -500 30,088 -1.63 11.65 -5,824 350,435
2013-08-21 2013-08-21 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
A - Award 2,000 30,588 7.00 7.41 14,816 226,602
2013-06-05 2013-06-05 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
A - Award 20,000 28,588 232.88
2012-07-26 2012-07-26 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -1,000 8,588 -10.43 12.05 -12,050 103,485
2012-07-26 2012-07-26 4 RMCF ROCKY MOUNTAIN CHOCOLATE FACTORY INC
Common
S - Sale -1,000 9,588 -9.44 12.01 -12,010 115,152
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)