AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report issued on Monday morning. The brokerage issued a hold rating on the stock.

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

AMCON Distributing Stock Up 1.3 %

Shares of NYSEAMERICAN:DIT opened at $175.49 on Monday. The company has a quick ratio of 1.17, a current ratio of 3.35 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $110.56 million, a PE ratio of 10.47 and a beta of 0.50. AMCON Distributing has a twelve month low of $160.00 and a twelve month high of $249.99.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Thursday, January 18th. The company reported $1.78 earnings per share for the quarter. The firm 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. Stockholders of record on Friday, February 2nd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, February 1st. AMCON Distributing’s dividend payout ratio is 4.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DIT. CM Management LLC raised its holdings in AMCON Distributing by 20.7% in the 3rd quarter. CM Management LLC now owns 7,240 shares of the company’s stock valued at $1,491,000 after acquiring an additional 1,240 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in AMCON Distributing by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,163 shares of the company’s stock valued at $4,011,000 after purchasing an additional 660 shares during the period. Royal Bank of Canada acquired a new position in AMCON Distributing during the 2nd quarter valued at about $103,000. Bridgeway Capital Management LLC lifted its position in AMCON Distributing by 2.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 8,797 shares of the company’s stock valued at $1,715,000 after purchasing an additional 192 shares during the period. Finally, Renaissance Technologies LLC lifted its position in AMCON Distributing by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 10,726 shares of the company’s stock valued at $1,748,000 after purchasing an additional 151 shares during the period. 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.