AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report issued on Monday. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN DIT opened at $138.00 on Monday. AMCON Distributing has a 1-year low of $129.85 and a 1-year high of $249.99. The firm has a market cap of $86.94 million, a price-to-earnings ratio of 9.75 and a beta of 0.56. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.50 and a quick ratio of 1.02.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Thursday, April 18th. The company reported $0.89 earnings per share for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The business had revenue of $601.88 million during the quarter.

AMCON Distributing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Thursday, May 2nd. AMCON Distributing’s payout ratio is currently 5.08%.

Institutional Investors Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC raised its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the period. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 at the end of the most recent reporting period. Institutional investors own 11.14% of the company’s stock.

About AMCON Distributing

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.