AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

AMCON Distributing Stock Down 0.1 %

Shares of NYSEAMERICAN:DIT opened at $128.00 on Thursday. The stock has a market capitalization of $83.20 million, a P/E ratio of 17.85 and a beta of 0.57. AMCON Distributing has a 12 month low of $118.25 and a 12 month high of $209.44. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23.

AMCON Distributing Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a dividend of $0.28 per share. The ex-dividend date is Monday, December 30th. AMCON Distributing’s dividend payout ratio is currently 10.04%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,756 shares of the company’s stock after acquiring an additional 134 shares during the period. Empowered Funds LLC owned about 0.44% of AMCON Distributing worth $399,000 at the end of the most recent quarter. 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.