StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research report report published on Saturday morning. The firm issued a hold rating on the stock.
Separately, TheStreet cut AMCON Distributing from a b- rating to a c rating in a research note on Thursday, January 18th.
View Our Latest Research Report on AMCON Distributing
AMCON Distributing Trading Down 1.7 %
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last released its earnings results on Thursday, April 18th. The company reported $0.89 EPS for the quarter. The company had revenue of $601.88 million for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%.
AMCON Distributing Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, May 2nd. AMCON Distributing’s dividend payout ratio is currently 5.08%.
Institutional Investors Weigh In On AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC raised its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 20.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,240 shares of the company’s stock after buying an additional 1,240 shares during the quarter. AMCON Distributing comprises 1.5% of CM Management LLC’s portfolio, making the stock its 22nd largest holding. CM Management LLC owned approximately 1.19% of AMCON Distributing worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission. 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.
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