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

Equities researchers at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Trading Down 1.5 %

NYSEAMERICAN:DIT opened at $135.01 on Friday. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.50. The firm has a market capitalization of $87.76 million, a P/E ratio of 18.83 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent quarter. 11.14% of the stock is currently owned by hedge funds and other institutional investors.

About AMCON Distributing

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.