AMCON Distributing (NYSEAMERICAN:DIT) Receives New Coverage from Analysts at StockNews.com

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

AMCON Distributing Stock Performance

Shares of DIT opened at $136.05 on Friday. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. AMCON Distributing has a 52-week low of $119.34 and a 52-week high of $209.50. The firm has a market capitalization of $85.71 million, a price-to-earnings ratio of 13.56 and a beta of 0.51.

AMCON Distributing (NYSEAMERICAN:DIT) last released its earnings results on Thursday, July 18th. The company reported $2.46 EPS for the quarter. The company had revenue of $717.85 million during the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%.

AMCON Distributing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Friday, August 2nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.53%. AMCON Distributing’s dividend payout ratio (DPR) is presently 7.18%.

Institutional Investors Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC raised its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the company’s stock after acquiring an additional 200 shares during the period. CM Management LLC owned about 1.30% of AMCON Distributing worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission. 11.14% of the stock is currently owned by 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.