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

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

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

AMCON Distributing Trading Up 1.3 %

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

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings data on Thursday, January 18th. The company reported $1.78 earnings per share for the quarter. AMCON Distributing had a net margin of 0.38% and a return on equity of 9.82%. The firm had revenue of $644.96 million during the quarter.

AMCON Distributing Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Friday, February 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, February 1st. AMCON Distributing’s dividend payout ratio (DPR) is 4.30%.

Hedge Funds Weigh In On AMCON Distributing

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of AMCON Distributing by 139.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 127 shares of the company’s stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of AMCON Distributing by 83.5% in the 1st quarter. Acadian Asset Management LLC now owns 312 shares of the company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of AMCON Distributing in the 2nd quarter valued at about $103,000. CM Management LLC raised its stake in shares of 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 purchasing an additional 1,240 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of AMCON Distributing by 2.2% in 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 in the last quarter. 11.14% of the stock is owned by hedge funds and other institutional investors.

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.