AMCON Distributing (NYSEAMERICAN:DIT) Earns Hold Rating from Analysts at StockNews.com

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

AMCON Distributing Price Performance

AMCON Distributing stock opened at $147.89 on Tuesday. The stock has a market capitalization of $93.17 million, a PE ratio of 10.44 and a beta of 0.51. 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 has a fifty-two week low of $119.34 and a fifty-two week high of $210.53.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings data on Thursday, July 18th. The company reported $2.46 EPS for the quarter. AMCON Distributing had a net margin of 0.23% and a return on equity of 5.65%. The company had revenue of $717.85 million for the quarter.

AMCON Distributing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, August 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, August 2nd. AMCON Distributing’s dividend payout ratio is presently 5.08%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC lifted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the period. CM Management LLC owned about 1.30% of AMCON Distributing worth $1,152,000 as of its most recent SEC filing. Hedge funds and other 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.