StockNews.com Begins Coverage on AMCON Distributing (NYSEAMERICAN:DIT)

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

AMCON Distributing Stock Down 0.1 %

Shares of NYSEAMERICAN:DIT opened at $128.00 on Thursday. 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 has a one year low of $118.25 and a one year high of $209.44. The company has a market cap of $83.20 million, a PE ratio of 17.85 and a beta of 0.57.

AMCON Distributing Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, January 31st. Shareholders 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 dividend payout ratio is 10.04%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and 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 at the end of the most recent quarter. 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.