AMCON Distributing (NYSEAMERICAN:DIT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started 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.

Separately, TheStreet cut AMCON Distributing from a b- rating to a c rating in a research report on Thursday, January 18th.

AMCON Distributing Trading Down 1.6 %

NYSEAMERICAN:DIT opened at $184.00 on Thursday. The company has a market cap of $115.92 million, a PE ratio of 10.98 and a beta of 0.51. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.17 and a current ratio of 3.35. AMCON Distributing has a 52 week low of $160.00 and a 52 week high of $249.99.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings data on Thursday, January 18th. The company reported $1.78 earnings per share (EPS) for the quarter. The business had revenue of $644.96 million for the quarter. AMCON Distributing had a return on equity of 9.82% and a net margin of 0.38%.

AMCON Distributing Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Friday, February 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.39%. AMCON Distributing’s dividend payout ratio (DPR) is 4.30%.

Institutional Trading of AMCON Distributing

Several large investors have recently modified their holdings of DIT. Acadian Asset Management LLC lifted its stake in shares of AMCON Distributing by 83.5% in the 1st quarter. Acadian Asset Management LLC now owns 312 shares of the company’s stock worth $48,000 after purchasing an additional 142 shares during the period. Dimensional Fund Advisors LP raised its position in AMCON Distributing by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 20,255 shares of the company’s stock worth $3,146,000 after acquiring an additional 153 shares during the period. Renaissance Technologies LLC boosted its stake in shares of AMCON Distributing by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 10,726 shares of the company’s stock worth $1,748,000 after acquiring an additional 151 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of AMCON Distributing during the 2nd quarter valued at $103,000. Finally, CM Management LLC increased its stake in shares of AMCON Distributing by 20.7% in the 3rd quarter. CM Management LLC now owns 7,240 shares of the company’s stock worth $1,491,000 after purchasing an additional 1,240 shares in the last quarter. 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.