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

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report report published on Thursday morning. The brokerage issued a hold rating on the stock.

AMCON Distributing Trading Down 0.7 %

Shares of NYSEAMERICAN DIT opened at $135.00 on Thursday. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. AMCON Distributing has a twelve month low of $119.34 and a twelve month high of $209.50. The company has a market capitalization of $85.05 million, a PE ratio of 13.46 and a beta of 0.51.

AMCON Distributing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, November 4th. AMCON Distributing’s dividend payout ratio (DPR) is 7.18%.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.14% of the company’s stock.

About AMCON Distributing

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.