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

Analysts at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report released on Sunday. The firm set a “hold” rating on the stock.

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT opened at $142.89 on Friday. The stock has a market capitalization of $90.02 million, a price-to-earnings ratio of 10.09 and a beta of 0.56. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.15 and a current ratio of 3.05. AMCON Distributing has a 12-month low of $119.34 and a 12-month high of $222.50.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC raised its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to its most recent Form 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 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.