StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report released on Friday 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 report on Thursday, January 18th.
Check Out Our Latest Research Report on AMCON Distributing
AMCON Distributing Price Performance
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The company reported $0.89 earnings per share (EPS) for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The company had revenue of $601.88 million during the quarter.
AMCON Distributing Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.46%. AMCON Distributing’s dividend payout ratio is presently 5.08%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC grew its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 20.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,240 shares of the company’s stock after buying an additional 1,240 shares during the period. AMCON Distributing accounts for 1.5% of CM Management LLC’s investment portfolio, making the stock its 22nd biggest position. CM Management LLC owned approximately 1.19% of AMCON Distributing worth $1,491,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.14% of the company’s stock.
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.
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