AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a note issued to investors on Monday. The firm set a "hold" rating on the stock.

Separately, TheStreet downgraded shares of AMCON Distributing from a "b-" rating to a "c" rating in a research report on Thursday, January 18th.

AMCON Distributing Price Performance

NYSEAMERICAN DIT traded up $2.22 during mid-day trading on Monday, reaching $175.49. The stock had a trading volume of 413 shares, compared to its average volume of 230. AMCON Distributing has a 1 year low of $160.00 and a 1 year high of $249.99. The firm has a market cap of $110.56 million, a P/E ratio of 10.34 and a beta of 0.50. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, January 18th. The company reported $1.78 earnings per share for the quarter. AMCON Distributing had a net margin of 0.38% and a return on equity of 9.82%. The company had revenue of $644.96 million during the quarter.

Institutional Investors Weigh In On AMCON Distributing

A number of hedge funds have recently modified their holdings of DIT. Acadian Asset Management LLC grew its position in shares of AMCON Distributing by 83.5% during the 1st quarter. Acadian Asset Management LLC now owns 312 shares of the company's stock valued at $48,000 after acquiring an additional 142 shares during the period. Dimensional Fund Advisors LP grew its position in shares of AMCON Distributing by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,255 shares of the company's stock valued at $3,146,000 after acquiring an additional 153 shares during the period. Renaissance Technologies LLC grew its position in shares of AMCON Distributing by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 10,726 shares of the company's stock valued at $1,748,000 after acquiring an additional 151 shares during the period. Royal Bank of Canada bought a new stake in shares of AMCON Distributing during the 2nd quarter valued at $103,000. Finally, CM Management LLC grew its position in shares of AMCON Distributing by 20.7% during the 3rd 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 during the period. Institutional investors own 11.14% of the company's stock.

AMCON Distributing Company Profile

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.