StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the stock.
Separately, TheStreet downgraded AMCON Distributing from a b- rating to a c rating in a research note on Thursday, January 18th.
Get Our Latest Stock Report on DIT
AMCON Distributing Price Performance
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The company reported $0.89 EPS for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The firm had revenue of $601.88 million for the quarter.
AMCON Distributing Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, May 2nd. AMCON Distributing’s dividend payout ratio (DPR) is currently 5.08%.
Institutional Trading of AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC boosted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 20.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,240 shares of the company’s stock after purchasing an additional 1,240 shares during the quarter. AMCON Distributing comprises 1.5% of CM Management LLC’s portfolio, making the stock its 22nd biggest holding. CM Management LLC owned 1.19% of AMCON Distributing worth $1,491,000 as of its most recent SEC filing. Institutional investors 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.
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