Investment analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.
Separately, TheStreet lowered AMCON Distributing from a “b-” rating to a “c” rating in a research note on Thursday, January 18th.
View Our Latest Stock Analysis on AMCON Distributing
AMCON Distributing Price Performance
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.89 EPS for the quarter. The firm had revenue of $601.88 million for the quarter. AMCON Distributing had a net margin of 0.32% and a return on equity of 8.11%.
Institutional Trading of AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC increased its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 20.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,240 shares of the company’s stock after purchasing an additional 1,240 shares during the period. AMCON Distributing makes up approximately 1.5% of CM Management LLC’s investment portfolio, making the stock its 22nd largest holding. CM Management LLC owned about 1.19% of AMCON Distributing worth $1,491,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.14% of the company’s stock.
About AMCON Distributing
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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