Distribution of AMCON (NYSEAMERICAN:DIT) Coverage initiated by analysts at StockNews.com

StockNews.com initiated coverage of the stock of AMCON Distribution (NYSEAMERICAN:DIT – Free Report) in a report published Sunday morning. The brokerage has issued a hold rating on the stock.

AMCON distribution pricing performance

NYSEAMERICAN:DIT opened at $135.00 on Friday. The firm has a market cap of $85.05 million, a price-to-earnings ratio of 9.53 and a beta of 0.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05, and a quick ratio of 1.15. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $209.50.

AMCON Distributing (NYSEAMERICAN:DIT – Get Your Free Report ) last issued its quarterly earnings results on Thursday, July 18th. The company reported $2.46 earnings per share (EPS) for the quarter. AMCON Distributing had a net margin of 0.23% and a return on equity of 5.65%. The company had revenue of $717.85 million for the quarter.

AMCON Dividend Distribution Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 2. This represents a dividend of $0.72 on an annualized basis and a dividend yield of 0.53%. AMCON Distributing’s dividend payout ratio is currently 5.08%.

Hedge funds influence AMCON distribution

A hedge fund recently increased its stake in AMCON Distributing shares. Empowered Funds LLC boosted its holdings in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,442 shares of the company’s stock after buying an additional 175 shares during the quarter. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.14% of the company’s shares.

AMCON distribution company profile

(Get a free report)

AMCON Distribution 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 the wholesale and retail segments of health food. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, food products, paper products, health care and beauty products, frozen and refrigerated products, and institutional food products.

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