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

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Sunday. The firm issued a hold rating on the stock.

AMCON Distributing Stock Down 6.2 %

Shares of DIT stock opened at $121.03 on Friday. AMCON Distributing has a 12-month low of $118.25 and a 12-month 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 0.91. The stock has a market cap of $78.67 million, a price-to-earnings ratio of 16.88 and a beta of 0.54.

AMCON Distributing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were given a dividend of $0.18 per share. The ex-dividend date was Monday, November 4th. This represents a $0.72 annualized dividend and a yield of 0.59%. AMCON Distributing’s dividend payout ratio (DPR) is 10.04%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC raised its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,200 shares of the company’s stock after acquiring an additional 200 shares during the quarter. CM Management LLC owned approximately 1.30% of AMCON Distributing worth $1,152,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

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.