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

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN:DIT opened at $129.04 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.50. The company has a market capitalization of $83.88 million, a price-to-earnings ratio of 18.00 and a beta of 0.54.

AMCON Distributing Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 4th. This represents a $0.72 annualized dividend and a yield of 0.56%. AMCON Distributing’s dividend payout ratio is presently 10.04%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC increased its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,200 shares of the company’s stock after buying an additional 200 shares during the period. CM Management LLC owned about 1.30% of AMCON Distributing worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 11.14% of the stock is currently 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.