StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.
AMCON Distributing Trading Down 5.0 %
Shares of NYSEAMERICAN DIT traded down $6.87 during mid-day trading on Wednesday, reaching $130.02. The company had a trading volume of 104 shares, compared to its average volume of 281. 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 52-week low of $118.25 and a 52-week high of $209.44. The company has a market capitalization of $84.51 million, a price-to-earnings ratio of 18.13 and a beta of 0.57.
AMCON Distributing Dividend Announcement
The business 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 (DPR) is presently 10.04%.
Institutional Trading of AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC raised its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.14% of the company's stock.
About AMCON Distributing
(
Get Free Report)
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.
Recommended Stories
Before you consider AMCON Distributing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMCON Distributing wasn't on the list.
While AMCON Distributing currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
