AMCON Distributing (NYSEAMERICAN:DIT) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of AMCON Distributing Company (NYSEAMERICAN:DIT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.83 and traded as high as $83.26. AMCON Distributing shares last traded at $81.42, with a volume of 389 shares.

AMCON Distributing Trading Down 2.2%

The company has a current ratio of 2.17, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $79.79 million, a price-to-earnings ratio of 174.47 and a beta of -0.19. The company has a fifty day moving average of $86.77 and a 200-day moving average of $78.83.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings data on Monday, April 20th. The company reported ($2.34) earnings per share (EPS) for the quarter. AMCON Distributing had a return on equity of 0.38% and a net margin of 0.01%.The firm had revenue of $715.65 million during the quarter.

AMCON Distributing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, May 11th. AMCON Distributing’s payout ratio is presently 6.69%.

Institutional Investors Weigh In On AMCON Distributing

Several institutional investors have recently bought and sold shares of DIT. Empowered Funds LLC boosted its holdings in shares of AMCON Distributing by 4.7% during the 4th quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock worth $333,000 after purchasing an additional 136 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of AMCON Distributing by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after purchasing an additional 136 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of AMCON Distributing by 50.0% during the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,666 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of AMCON Distributing by 49.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after purchasing an additional 10,393 shares during the last quarter. 11.14% of the stock is currently owned by institutional investors and hedge funds.

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.