AMCON Distributing Company (NYSEAMERICAN:DIT – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $114.49 and traded as low as $109.00. AMCON Distributing shares last traded at $115.00, with a volume of 582 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on shares of AMCON Distributing in a research note on Saturday, May 17th. They issued a “hold” rating for the company.
Check Out Our Latest Analysis on DIT
AMCON Distributing Stock Performance
AMCON Distributing Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, May 9th. This represents a $0.72 dividend on an annualized basis and a yield of 0.63%. AMCON Distributing’s payout ratio is 10.04%.
Institutional Investors Weigh In On AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC grew its holdings in AMCON Distributing Company (NYSEAMERICAN:DIT – Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,754 shares of the company’s stock after purchasing an additional 421 shares during the quarter. CM Management LLC owned approximately 1.36% of AMCON Distributing worth $1,027,000 at the end of the most recent reporting period. 11.14% of the stock is owned by institutional investors and hedge funds.
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.
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