AMCON Distributing (DIT) – Research Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for AMCON Distributing (NYSEAMERICAN: DIT):

• 4/15/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/9/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/3/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/28/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/22/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/16/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/10/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/4/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/27/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/21/2024 – AMCON Distributing is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

AMCON Distributing Stock Up 1.3 %

Shares of DIT traded up $2.22 during mid-day trading on Tuesday, hitting $175.49. 413 shares of the company traded hands, compared to its average volume of 221. The stock has a market capitalization of $110.56 million, a price-to-earnings ratio of 10.47 and a beta of 0.50. AMCON Distributing has a 1 year low of $160.00 and a 1 year high of $249.99. The company has a quick ratio of 1.17, a current ratio of 3.35 and a debt-to-equity ratio of 1.41.

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

AMCON Distributing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Friday, February 2nd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, February 1st. AMCON Distributing’s payout ratio is 4.30%.

Institutional Trading of AMCON Distributing

Several hedge funds have recently bought and sold shares of DIT. Tower Research Capital LLC TRC raised its position in shares of AMCON Distributing by 139.6% during 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 during the period. Acadian Asset Management LLC increased its stake in AMCON Distributing by 83.5% in the 1st quarter. Acadian Asset Management LLC now owns 312 shares of the company’s stock worth $48,000 after buying an additional 142 shares in the last quarter. Royal Bank of Canada bought a new stake in AMCON Distributing during the second quarter valued at about $103,000. CM Management LLC lifted its position in shares of AMCON Distributing by 20.7% in the third quarter. CM Management LLC now owns 7,240 shares of the company’s stock valued at $1,491,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of AMCON Distributing by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 8,797 shares of the company’s stock worth $1,715,000 after acquiring an additional 192 shares during the period. Institutional investors own 11.14% of the company’s stock.

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.