StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the stock.
AMCON Distributing Stock Performance
DIT stock traded up $4.09 on Friday, reaching $125.13. The company's stock had a trading volume of 206 shares, compared to its average volume of 119. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $81.33 million, a price-to-earnings ratio of 17.45 and a beta of 0.54. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.50.
AMCON Distributing Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were paid a $0.18 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. AMCON Distributing's dividend payout ratio (DPR) is presently 10.04%.
Institutional Trading of AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC raised its position in shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,756 shares of the company's stock after buying an additional 134 shares during the quarter. Empowered Funds LLC owned about 0.44% of AMCON Distributing worth $399,000 as of its most recent SEC filing. 11.14% of the stock is currently 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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