AMCON Distributing (NYSEAMERICAN:DIT) Shares to Split on Monday, March 23rd

AMCON Distributing Company (NYSEAMERICAN:DIT) shares are scheduled to split on the morning of Monday, March 23rd. The 1.5-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Sunday, March 22nd.

AMCON Distributing Price Performance

DIT stock opened at $111.86 on Friday. The stock has a market cap of $72.71 million, a PE ratio of 68.63 and a beta of 0.02. AMCON Distributing has a 12 month low of $94.92 and a 12 month high of $134.50. The company has a 50-day moving average price of $110.22 and a 200 day moving average price of $113.50. The company has a current ratio of 2.64, a quick ratio of 0.98 and a debt-to-equity ratio of 1.32.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $1.28 earnings per share for the quarter. AMCON Distributing had a net margin of 0.04% and a return on equity of 0.90%. The company had revenue of $730.06 million for the quarter.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC lifted its stake in shares of AMCON Distributing Company (NYSEAMERICAN:DIT) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,008 shares of the company’s stock after acquiring an additional 136 shares during the quarter. Empowered Funds LLC owned approximately 0.46% of AMCON Distributing worth $333,000 at the end of the most recent reporting period. 11.14% of the stock is owned by institutional investors.

AMCON Distributing Company Profile

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.