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

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

AMCON Distributing Stock Down 5.0 %

Shares of DIT opened at $130.02 on Wednesday. AMCON Distributing has a twelve month low of $118.25 and a twelve month high of $209.44. The firm has a market capitalization of $84.51 million, a P/E ratio of 18.13 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46.

AMCON Distributing Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, January 31st. Investors 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 10.04%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to its most recent filing with the SEC. 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 approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. Hedge funds and other 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.