AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by StockNews.com

Posted by Patrick Bannon on Nov 24th, 2024

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

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT opened at $125.13 on Friday. AMCON Distributing has a 52 week low of $118.25 and a 52 week high of $209.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. The stock has a market cap of $81.33 million, a PE ratio of 17.45 and a beta of 0.54.

AMCON Distributing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, November 4th. AMCON Distributing’s dividend payout ratio is presently 10.04%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC grew its holdings in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. CM Management LLC owned about 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.

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.