AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note published on Monday. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

NYSEAMERICAN:DIT opened at $140.00 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.15 and a current ratio of 3.05. The stock has a market cap of $88.20 million, a P/E ratio of 9.89 and a beta of 0.56. AMCON Distributing has a one year low of $119.34 and a one year high of $224.47.

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

AMCON Distributing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Friday, August 2nd were given a dividend of $0.18 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.51%. AMCON Distributing’s dividend payout ratio is 5.08%.

Hedge Funds Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC boosted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. CM Management LLC owned about 1.30% of AMCON Distributing worth $1,152,000 as of its most recent SEC filing. 11.14% of the stock is currently owned by hedge funds and other 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.