AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by StockNews.com

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

AMCON Distributing Trading Down 4.0 %

Shares of NYSEAMERICAN DIT opened at $134.45 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $209.50. The company has a market capitalization of $84.70 million, a P/E ratio of 13.40 and a beta of 0.51.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.