AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DITFree Report) in a report published on Wednesday morning. The brokerage issued a hold rating on the stock.

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

View Our Latest Report on DIT

AMCON Distributing Price Performance

NYSEAMERICAN DIT opened at $174.67 on Wednesday. The firm has a market capitalization of $110.04 million, a PE ratio of 10.42 and a beta of 0.50. The company has a quick ratio of 1.17, a current ratio of 3.35 and a debt-to-equity ratio of 1.41. AMCON Distributing has a fifty-two week low of $160.00 and a fifty-two week high of $249.99.

AMCON Distributing (NYSEAMERICAN:DITGet Free Report) last announced its quarterly earnings data on Thursday, January 18th. The company reported $1.78 EPS for the quarter. The business had revenue of $644.96 million during 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 announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, February 2nd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Thursday, February 1st. AMCON Distributing’s payout ratio is 4.30%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of AMCON Distributing by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 22,163 shares of the company’s stock worth $4,011,000 after acquiring an additional 660 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of AMCON Distributing by 1.4% in the second quarter. Renaissance Technologies LLC now owns 10,726 shares of the company’s stock worth $1,748,000 after acquiring an additional 151 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of AMCON Distributing by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 8,797 shares of the company’s stock worth $1,715,000 after acquiring an additional 192 shares in the last quarter. CM Management LLC lifted its stake in shares of AMCON Distributing by 20.7% in the third quarter. CM Management LLC now owns 7,240 shares of the company’s stock worth $1,491,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of AMCON Distributing in the second quarter worth about $103,000. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for AMCON Distributing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMCON Distributing and related companies with MarketBeat.com's FREE daily email newsletter.