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

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

AMCON Distributing Stock Performance

Shares of AMCON Distributing stock opened at $125.00 on Wednesday. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.50. The firm has a market capitalization of $78.75 million, a PE ratio of 12.46 and a beta of 0.51. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, November 4th. AMCON Distributing’s payout ratio is 7.18%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. 11.14% of the stock is owned by institutional investors and hedge funds.

About AMCON Distributing

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.