AMCON Distributing (NYSEAMERICAN:DIT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

AMCON Distributing Stock Performance

AMCON Distributing stock opened at $130.00 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 2.50. AMCON Distributing has a 1 year low of $130.00 and a 1 year high of $249.99. The stock has a market cap of $81.90 million, a price-to-earnings ratio of 9.18 and a beta of 0.55.

AMCON Distributing (NYSEAMERICAN:DIT) last released its earnings results on Thursday, April 18th. The company reported $0.89 earnings per share (EPS) for the quarter. AMCON Distributing had a net margin of 0.32% and a return on equity of 8.11%. The company had revenue of $601.88 million for the quarter.

AMCON Distributing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were given a dividend of $0.18 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 0.55%. AMCON Distributing’s payout ratio is presently 5.08%.

Institutional Trading of AMCON Distributing

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

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.