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

Posted by Mark Dietrich on Dec 14th, 2024

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

AMCON Distributing Stock Performance

Shares of AMCON Distributing stock opened at $140.02 on Wednesday. AMCON Distributing has a 1-year low of $118.25 and a 1-year high of $209.50. The stock has a market cap of $91.01 million, a PE ratio of 19.53 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91.

AMCON Distributing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, November 4th. AMCON Distributing’s payout ratio is currently 10.04%.

Hedge Funds Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC grew its position in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,200 shares of the company’s stock after purchasing 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. 11.14% of the stock is owned by institutional investors and hedge funds.

About AMCON Distributing

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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.