AMCON Distributing (NYSEAMERICAN:DIT) Short Interest Update

AMCON Distributing (NYSEAMERICAN:DITGet Rating) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 200 shares, a decline of 33.3% from the May 15th total of 300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is presently 0.1 days.

Separately, TheStreet upgraded shares of AMCON Distributing from a “c+” rating to a “b-” rating in a report on Tuesday, April 19th.

NYSEAMERICAN:DIT traded up $1.25 on Tuesday, reaching $160.04. 20 shares of the company’s stock were exchanged, compared to its average volume of 1,610. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.51 and a quick ratio of 0.95. The firm has a market capitalization of $93.62 million, a PE ratio of 5.88 and a beta of 0.80. AMCON Distributing has a 52-week low of $122.85 and a 52-week high of $270.00.

AMCON Distributing (NYSEAMERICAN:DITGet Rating) last released its earnings results on Monday, April 18th. The company reported $5.19 earnings per share for the quarter. The firm had revenue of $391.89 million for the quarter. AMCON Distributing had a net margin of 0.92% and a return on equity of 20.88%.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Friday, May 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Thursday, May 5th. AMCON Distributing’s dividend payout ratio (DPR) is 2.67%.

A number of institutional investors and hedge funds have recently made changes to their positions in DIT. Acadian Asset Management LLC raised its stake in shares of AMCON Distributing by 83.5% during the first 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 last quarter. CM Management LLC raised its stake in shares of AMCON Distributing by 14.3% during the fourth quarter. CM Management LLC now owns 4,000 shares of the company’s stock worth $798,000 after purchasing an additional 500 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AMCON Distributing by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 20,836 shares of the company’s stock worth $3,104,000 after purchasing an additional 403 shares during the last quarter. 9.43% of the stock is owned by hedge funds and other institutional investors.

About AMCON Distributing (Get Rating)

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.

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