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

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

AMCON Distributing Stock Performance

Shares of DIT opened at $147.89 on Tuesday. AMCON Distributing has a 12-month low of $119.34 and a 12-month high of $210.53. 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 capitalization of $93.17 million, a P/E ratio of 10.44 and a beta of 0.51.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings data on Thursday, July 18th. The company reported $2.46 EPS 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 for the quarter.

AMCON Distributing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, August 2nd were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.49%. AMCON Distributing’s dividend payout ratio (DPR) is 5.08%.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC increased its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. CM Management LLC owned approximately 1.30% of AMCON Distributing worth $1,152,000 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.