AMCON Distributing (NYSEAMERICAN:DIT) Stock Position Lifted by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Empowered Funds LLC owned about 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period.

Separately, CM Management LLC lifted its holdings in AMCON Distributing by 2.5% in the 2nd quarter. CM Management LLC now owns 8,200 shares of the company’s stock valued at $1,152,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Stock Performance

AMCON Distributing stock opened at $125.13 on Monday. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. AMCON Distributing has a one year low of $118.25 and a one year high of $209.50. The company has a market cap of $81.33 million, a P/E ratio of 17.45 and a beta of 0.54.

AMCON Distributing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, November 4th. AMCON Distributing’s payout ratio is 10.04%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of AMCON Distributing in a research report on Saturday. They set a “hold” rating on the stock.

AMCON Distributing 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.