AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

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

AMCON Distributing Price Performance

AMCON Distributing stock opened at $136.00 on Friday. AMCON Distributing has a one year low of $118.25 and a one year high of $209.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. The firm has a market capitalization of $88.40 million, a price-to-earnings ratio of 18.97 and a beta of 0.57.

AMCON Distributing Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 30th. AMCON Distributing’s dividend payout ratio is currently 10.04%.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 as of its most recent SEC filing. 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.