AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated at StockNews.com

Posted by Carol Hyndes on Dec 22nd, 2024

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report issued on Saturday. The firm issued a hold rating on the stock.

AMCON Distributing Stock Down 1.5 %

NYSEAMERICAN:DIT opened at $135.01 on Friday. The company has a quick ratio of 0.91, a current ratio of 2.46 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 $209.50. The stock has a market cap of $87.76 million, a PE ratio of 18.83 and a beta of 0.57.

AMCON Distributing Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 30th. AMCON Distributing’s payout ratio is currently 10.04%.

Institutional Investors Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC grew its position in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. CM Management LLC owned approximately 1.30% of AMCON Distributing worth $1,152,000 as of its most recent filing with the SEC. 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.