AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.

AMCON Distributing Stock Performance

DIT stock opened at $128.00 on Wednesday. AMCON Distributing has a fifty-two week low of $118.25 and a fifty-two week high of $209.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. The company has a market cap of $83.20 million, a P/E ratio of 17.85 and a beta of 0.57.

AMCON Distributing Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be paid a $0.28 dividend. The ex-dividend date is Monday, December 30th. AMCON Distributing’s dividend payout ratio (DPR) is currently 10.04%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC grew its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. 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.