AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated by Analysts at StockNews.com

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

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT opened at $139.00 on Tuesday. AMCON Distributing has a fifty-two week low of $134.00 and a fifty-two week high of $249.99. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.50 and a quick ratio of 1.02. The stock has a market cap of $87.57 million, a price-to-earnings ratio of 9.82 and a beta of 0.55.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.89 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 during the quarter.

AMCON Distributing Announces Dividend

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

Institutional Investors Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC boosted its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the period. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 at the end of the most recent reporting period. 11.14% of the stock is currently 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.