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

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Saturday. The firm issued a hold rating on the stock.

Separately, TheStreet lowered AMCON Distributing from a b- rating to a c rating in a report on Thursday, January 18th.

AMCON Distributing Price Performance

Shares of DIT opened at $156.82 on Friday. AMCON Distributing has a 52 week low of $135.70 and a 52 week high of $249.99. The company has a market cap of $98.80 million, a P/E ratio of 11.07 and a beta of 0.50. The company has a current ratio of 2.50, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07.

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

AMCON Distributing Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, May 2nd. AMCON Distributing’s payout ratio is presently 5.08%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC raised its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 20.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,240 shares of the company’s stock after acquiring an additional 1,240 shares during the period. AMCON Distributing makes up 1.5% of CM Management LLC’s portfolio, making the stock its 22nd biggest holding. CM Management LLC owned approximately 1.19% of AMCON Distributing worth $1,491,000 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.