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

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

AMCON Distributing Stock Down 3.7 %

Shares of AMCON Distributing stock opened at $126.13 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.44. The firm has a market cap of $81.98 million, a PE ratio of 17.59 and a beta of 0.57.

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 issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 30th. AMCON Distributing’s payout ratio is currently 10.04%.

Institutional Investors Weigh In On 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 the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after acquiring 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. 11.14% of the stock is owned by hedge funds and other institutional investors.

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.