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

Posted by Brian Wu on Dec 22nd, 2024

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report released on Saturday. The firm issued a hold rating on the stock.

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT opened at $135.01 on Friday. AMCON Distributing has a 52 week low of $118.25 and a 52 week high of $209.50. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $87.76 million, a price-to-earnings ratio of 18.83 and a beta of 0.57.

AMCON Distributing Announces Dividend

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

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC raised its holdings in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,200 shares of the company’s stock after buying an additional 200 shares during the period. CM Management LLC owned approximately 1.30% of AMCON Distributing worth $1,152,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

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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.