StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) in a research report report published on Friday morning. The brokerage issued a hold rating on the stock.
AMCON Distributing Stock Down 0.7 %
Shares of DIT traded down $1.01 during midday trading on Friday, reaching $139.00. 42 shares of the stock were exchanged, compared to its average volume of 313. AMCON Distributing has a twelve month low of $119.34 and a twelve month high of $212.00. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.15 and a current ratio of 3.05. The company has a market capitalization of $87.57 million, a P/E ratio of 10.20 and a beta of 0.56.
AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) last posted its quarterly earnings results on Thursday, July 18th. The company reported $2.46 EPS for the quarter. The business had revenue of $717.85 million during the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%.
AMCON Distributing Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, August 2nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, August 2nd. AMCON Distributing's dividend payout ratio is presently 5.08%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC lifted its position in shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the company's stock after purchasing an additional 175 shares during the period. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the Securities and Exchange Commission. 11.14% of the stock is owned by hedge funds and other institutional investors.
About AMCON Distributing
(
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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.
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