AMCON Distributing (NYSEAMERICAN:DIT) Shares Pass Above 200 Day Moving Average – Time to Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $78.62 and traded as high as $80.00. AMCON Distributing shares last traded at $76.7390, with a volume of 592 shares trading hands.

AMCON Distributing Trading Down 4.1%

The company has a 50-day simple moving average of $85.95 and a 200-day simple moving average of $78.62. The stock has a market cap of $75.20 million, a P/E ratio of 164.44 and a beta of -0.19. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 2.17.

AMCON Distributing (NYSEAMERICAN:DIT) last released its earnings results on Monday, April 20th. The company reported ($2.34) EPS for the quarter. The firm had revenue of $715.65 million during the quarter. AMCON Distributing had a net margin of 0.01% and a return on equity of 0.38%.

AMCON Distributing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 11th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, May 11th. AMCON Distributing’s dividend payout ratio (DPR) is 6.69%.

Institutional Investors Weigh In On AMCON Distributing

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of AMCON Distributing by 4.7% during the fourth quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock worth $333,000 after purchasing an additional 136 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of AMCON Distributing by 1.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after purchasing an additional 136 shares during the period. Renaissance Technologies LLC grew its stake in shares of AMCON Distributing by 50.0% during the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,666 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of AMCON Distributing by 49.0% during the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after purchasing an additional 10,393 shares during the period. 11.14% of the stock is owned by institutional investors and hedge funds.

About AMCON Distributing

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.