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

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

AMCON Distributing Trading Up 1.9 %

Shares of DIT stock opened at $148.84 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07. AMCON Distributing has a 1 year low of $129.85 and a 1 year high of $249.99. The firm has a market capitalization of $93.77 million, a price-to-earnings ratio of 10.51 and a beta of 0.56.

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

AMCON Distributing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.48%. AMCON Distributing’s dividend payout ratio is presently 5.08%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC boosted its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,442 shares of the company’s stock after buying an additional 175 shares during the period. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the SEC. 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.