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

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

AMCON Distributing Stock Up 2.0 %

AMCON Distributing stock opened at $139.00 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07. The firm has a market cap of $87.57 million, a P/E ratio of 9.82 and a beta of 0.55. AMCON Distributing has a 12-month low of $134.00 and a 12-month high of $249.99.

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

AMCON Distributing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.52%. AMCON Distributing’s dividend payout ratio (DPR) is 5.08%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC grew its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 11.14% of the stock is owned by institutional investors.

AMCON Distributing Company Profile

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.