Empowered Funds LLC Purchases 134 Shares of AMCON Distributing (NYSEAMERICAN:DIT)

Empowered Funds LLC lifted its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 2,756 shares of the company’s stock after buying an additional 134 shares during the period. Empowered Funds LLC’s holdings in AMCON Distributing were worth $399,000 at the end of the most recent reporting period.

Separately, CM Management LLC lifted its position in shares of AMCON Distributing by 2.5% during the 2nd quarter. CM Management LLC now owns 8,200 shares of the company’s stock worth $1,152,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 11.14% of the company’s stock.

AMCON Distributing Trading Up 3.4 %

DIT opened at $125.13 on Monday. AMCON Distributing has a twelve month low of $118.25 and a twelve month high of $209.50. The firm has a market cap of $81.33 million, a PE ratio of 17.45 and a beta of 0.54. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23.

AMCON Distributing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, November 4th. AMCON Distributing’s dividend payout ratio is currently 10.04%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of AMCON Distributing in a research note on Saturday. They issued a “hold” rating on the 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.