AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

Shares of DIT opened at $128.61 on Thursday. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.44. The stock has a market capitalization of $83.60 million, a P/E ratio of 17.94 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23.

AMCON Distributing Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, December 30th. AMCON Distributing’s dividend payout ratio is currently 10.04%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the third quarter, according to the company in its most recent 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 approximately 0.44% of AMCON Distributing worth $399,000 as of its most recent filing with the SEC. Institutional investors 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.