StockNews.com Begins Coverage on AMCON Distributing (NYSEAMERICAN:DIT)

Stock analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Down 5.0 %

Shares of AMCON Distributing stock opened at $130.02 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.44. The firm has a market cap of $84.51 million, a price-to-earnings ratio of 18.13 and a beta of 0.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC grew its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,756 shares of the company’s stock after acquiring an additional 134 shares during the quarter. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 as of its most recent SEC filing. 11.14% of the stock is owned by institutional investors and hedge funds.

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.