Amcon Distributing Company (NASDAQ:DIT - Get Free Report)'s stock price fell 1.5% during trading on Monday . The company traded as low as $104.24 and last traded at $106.70. 107 shares changed hands during trading, a decline of 62% from the average session volume of 284 shares. The stock had previously closed at $108.27.
Amcon Distributing Stock Performance
The business's 50-day moving average price is $114.15. The company has a market cap of $62.70 million, a PE ratio of 16.31 and a beta of 0.58. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.05 and a current ratio of 3.23.
Amcon Distributing Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, May 9th. Amcon Distributing's dividend payout ratio (DPR) is presently 28.92%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Amcon Distributing stock. CM Management LLC boosted its position in Amcon Distributing Company (NASDAQ:DIT - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,754 shares of the company's stock after acquiring an additional 421 shares during the period. CM Management LLC owned 1.36% of Amcon Distributing worth $1,027,000 at the end of the most recent quarter. 11.14% of the stock is owned by hedge funds and other institutional investors.
Amcon Distributing Company Profile
(
Get Free Report)
AMCON Distributing Co engages in the distribution of consumer products. It operates through the Wholesale Distribution (Wholesale) and Retail Health Food (Retail) segments. The Wholesale segment refers to the wholesale distribution of consumer products. The Retail segment focuses on the sale of health and natural food products.
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