AMCON Distributing (NYSEAMERICAN:DIT) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report released on Friday morning. The firm issued a hold rating on the stock.

AMCON Distributing Stock Performance

AMCON Distributing stock opened at $137.88 on Friday. AMCON Distributing has a one year low of $130.63 and a one year high of $249.99. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 2.50. The firm has a market cap of $86.86 million, a price-to-earnings ratio of 9.74 and a beta of 0.55.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.89 earnings per share (EPS) for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The company had revenue of $601.88 million for the quarter.

AMCON Distributing Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.52%. AMCON Distributing’s payout ratio is 5.08%.

Hedge Funds Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 at the end of the most recent reporting period. Institutional investors own 11.14% of the company’s stock.

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.