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 released on Friday. The firm issued a hold rating on the stock.

AMCON Distributing Trading Down 0.6 %

Shares of NYSEAMERICAN:DIT opened at $134.07 on Friday. The company has a market cap of $87.15 million, a PE ratio of 18.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.50.

AMCON Distributing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.54%. AMCON Distributing’s dividend payout ratio is currently 10.04%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC boosted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,200 shares of the company’s stock after acquiring an additional 200 shares during the period. CM Management LLC owned 1.30% of AMCON Distributing worth $1,152,000 at the end of the most recent reporting period. 11.14% of the stock is currently owned by hedge funds and other 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.