AMCON Distributing (NYSEAMERICAN:DIT) Share Price Passes Above 200 Day Moving Average – Should You Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $78.62 and traded as high as $80.00. AMCON Distributing shares last traded at $76.7390, with a volume of 592 shares changing hands.

AMCON Distributing Stock Down 4.1%

The company has a market cap of $75.20 million, a price-to-earnings ratio of 164.44 and a beta of -0.19. The stock has a 50-day simple moving average of $85.95 and a 200-day simple moving average of $78.62. The company has a current ratio of 2.17, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Monday, April 20th. The company reported ($2.34) EPS for the quarter. The business had revenue of $715.65 million for the quarter. AMCON Distributing had a net margin of 0.01% and a return on equity of 0.38%.

AMCON Distributing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, May 11th. AMCON Distributing’s payout ratio is 6.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in AMCON Distributing by 4.7% during the fourth quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock worth $333,000 after purchasing an additional 136 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in AMCON Distributing by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock valued at $1,006,000 after purchasing an additional 136 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AMCON Distributing by 49.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock valued at $2,842,000 after purchasing an additional 10,393 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of AMCON Distributing by 50.0% during the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock valued at $1,260,000 after purchasing an additional 4,666 shares during the period. 11.14% of the stock is currently owned by institutional investors.

About AMCON Distributing

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.