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

Posted by Nicole Kennedy on Dec 30th, 2024

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

AMCON Distributing Stock Up 2.7 %

DIT stock opened at $135.00 on Friday. 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 stock has a market capitalization of $87.75 million, a price-to-earnings ratio of 18.83 and a beta of 0.57. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.44.

AMCON Distributing Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 30th. AMCON Distributing’s dividend payout ratio (DPR) is presently 10.04%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC raised its stake in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 as of its most recent SEC filing. 11.14% of the stock is currently owned by institutional investors and hedge funds.

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.