Shares of AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $77.22 and traded as low as $67.00. AMCON Distributing shares last traded at $70.1050, with a volume of 224 shares traded.
AMCON Distributing Stock Up 4.6%
The company has a 50-day moving average of $68.90 and a 200-day moving average of $77.22. The company has a market capitalization of $68.70 million, a price-to-earnings ratio of 36.96 and a beta of -0.22. The company has a current ratio of 2.75, a quick ratio of 1.05 and a debt-to-equity ratio of 1.46.
AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.85 earnings per share for the quarter. The business had revenue of $835.34 million for the quarter. AMCON Distributing had a return on equity of 1.58% and a net margin of 0.06%.
AMCON Distributing Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. AMCON Distributing's dividend payout ratio is presently 6.69%.
Institutional Investors Weigh In On AMCON Distributing
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of AMCON Distributing by 49.0% in the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company's stock worth $2,842,000 after purchasing an additional 10,393 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in AMCON Distributing by 1.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company's stock worth $1,006,000 after buying an additional 136 shares during the period. Renaissance Technologies LLC increased its holdings in AMCON Distributing by 50.0% in the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company's stock worth $1,260,000 after buying an additional 4,666 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of AMCON Distributing by 4.7% in the fourth quarter. Empowered Funds LLC now owns 3,008 shares of the company's stock worth $333,000 after acquiring an additional 136 shares during the period. 11.14% of the stock is currently owned by institutional investors and hedge funds.
AMCON Distributing Company Profile
(
Get Free Report)
AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company's core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer's needs.
Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.
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