AMCON Distributing (NYSEAMERICAN:DIT) Earns Hold Rating from Analysts at StockNews.com

Posted by Amy Steele on Dec 30th, 2024

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research note published on Friday morning. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN DIT opened at $135.00 on Friday. The stock has a market capitalization of $87.75 million, a P/E ratio of 18.83 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. AMCON Distributing has a 52-week low of $118.25 and a 52-week high of $209.44.

AMCON Distributing Announces Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC grew its stake in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities and 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 approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. 11.14% of the stock is owned by institutional investors.

About AMCON Distributing

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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.