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 note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

DIT opened at $140.46 on Wednesday. The stock has a market cap of $88.49 million, a price-to-earnings ratio of 9.92 and a beta of 0.55. The company has a quick ratio of 1.02, a current ratio of 2.50 and a debt-to-equity ratio of 1.07. AMCON Distributing has a 52 week low of $129.85 and a 52 week high of $249.99.

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

AMCON Distributing Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, May 2nd. AMCON Distributing’s dividend 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 raised its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the company’s stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 11.14% of the company’s stock.

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.