AMCON Distributing (NYSEAMERICAN:DIT) Earns Hold Rating from Analysts at StockNews.com

Posted by Anthony Miller on Nov 15th, 2024

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report released on Monday. The brokerage issued a hold rating on the stock.

AMCON Distributing Stock Performance

Shares of NYSEAMERICAN DIT opened at $131.78 on Monday. The firm has a market capitalization of $85.66 million, a P/E ratio of 18.38 and a beta of 0.54. AMCON Distributing has a one year low of $118.25 and a one year high of $209.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 1.15.

AMCON Distributing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.55%. AMCON Distributing’s dividend payout ratio (DPR) is currently 10.04%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC boosted its stake in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 5.1% during the 3rd quarter, according to the company in its most recent 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 approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent quarter. Institutional investors own 11.14% of the company’s stock.

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.