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

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

NYSEAMERICAN DIT opened at $135.00 on Thursday. The company has a market capitalization of $85.05 million, a PE ratio of 13.46 and a beta of 0.51. AMCON Distributing has a one year low of $119.34 and a one year high of $209.50. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59.

AMCON Distributing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.53%. AMCON Distributing’s payout ratio is 7.18%.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC grew its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the period. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 as of its most recent SEC filing. 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.