AMCON Distributing Stock to Split on Monday, March 23rd (NYSEAMERICAN:DIT)

AMCON Distributing Company (NYSEAMERICAN:DIT) shares are going to split on Monday, March 23rd. The 1.5-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Sunday, March 22nd.

AMCON Distributing Stock Up 2.2%

Shares of NYSEAMERICAN:DIT opened at $118.50 on Thursday. The firm has a fifty day moving average price of $111.21 and a two-hundred day moving average price of $113.51. The company has a market cap of $77.03 million, a price-to-earnings ratio of 72.70 and a beta of 0.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.64 and a quick ratio of 0.98. AMCON Distributing has a one year low of $94.92 and a one year high of $126.50.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings results on Tuesday, January 20th. The company reported $1.28 EPS for the quarter. AMCON Distributing had a net margin of 0.04% and a return on equity of 0.90%. The firm had revenue of $730.06 million during the quarter.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Bridgeway Capital Management LLC lifted its holdings in shares of AMCON Distributing Company (NYSEAMERICAN:DIT) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,538 shares of the company’s stock after purchasing an additional 136 shares during the quarter. Bridgeway Capital Management LLC owned 1.47% of AMCON Distributing worth $1,006,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.