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

Posted by Jeanne O'Marion on Jan 9th, 2025

StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

AMCON Distributing Stock Performance

Shares of AMCON Distributing stock opened at $130.02 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.44. The stock has a market capitalization of $84.51 million, a PE ratio of 18.13 and a beta of 0.57.

AMCON Distributing Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 30th. AMCON Distributing’s payout ratio is 10.04%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its stake in AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. Institutional investors own 11.14% of the company’s stock.

About AMCON Distributing

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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.