TheStreet downgraded shares of AMCON Distributing Co (NYSE:DIT) from a b rating to a c+ rating in a research note published on Thursday.
Shares of AMCON Distributing (NYSE:DIT) opened at 90.00 on Thursday. The stock has a market cap of $61.02 million and a P/E ratio of 17.60. The company has a 50 day moving average price of $99.27 and a 200-day moving average price of $100.42. AMCON Distributing has a 12 month low of $87.80 and a 12 month high of $122.90.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Monday, August 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, August 3rd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new position in AMCON Distributing during the second quarter worth $734,000. Vanguard Group Inc. boosted its position in AMCON Distributing by 1.2% in the second quarter. Vanguard Group Inc. now owns 8,794 shares of the company’s stock worth $925,000 after buying an additional 101 shares during the period. Willis Investment Counsel boosted its position in AMCON Distributing by 2.0% in the second quarter. Willis Investment Counsel now owns 18,033 shares of the company’s stock worth $1,877,000 after buying an additional 350 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of AMCON Distributing by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 20,656 shares of the company’s stock valued at $2,179,000 after buying an additional 759 shares during the last quarter.
AMCON Distributing Company Profile
AMCON Distributing Company (AMCON) and its subsidiaries are engaged in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The Company has two segments: wholesale distribution segment (Wholesale segment) and retail health food segment (Retail Segment).
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