AMCON Distributing (NYSEAMERICAN:DIT) Short Interest Update

AMCON Distributing (NYSEAMERICAN:DIT) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,100 shares, a growth of 175.0% from the December 31st total of 400 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 5.5 days.

Analyst Ratings Changes

Separately, StockNews.com began coverage on AMCON Distributing in a report on Wednesday, January 15th. They set a “hold” rating for the company.

AMCON Distributing Trading Up 0.4 %

AMCON Distributing stock traded up $0.49 during mid-day trading on Thursday, hitting $124.00. 292 shares of the company’s stock traded hands, compared to its average volume of 241. AMCON Distributing has a fifty-two week low of $117.00 and a fifty-two week high of $205.00. The company has a market capitalization of $80.60 million, a price-to-earnings ratio of 17.29 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 (NYSEAMERICAN:DIT) last announced its earnings results on Friday, November 8th. The company reported $2.04 EPS for the quarter. The business had revenue of $746.29 million during the quarter. AMCON Distributing had a net margin of 0.16% and a return on equity of 3.97%.

AMCON Distributing Announces Dividend

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

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC boosted its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after buying an additional 134 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. 11.14% of the stock is owned by hedge funds and other institutional investors.

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.