AMCON Distributing (NYSEAMERICAN:DIT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

AMCON Distributing Company (NYSEAMERICAN:DIT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.83 and traded as high as $83.26. AMCON Distributing shares last traded at $81.42, with a volume of 389 shares traded.

AMCON Distributing Stock Performance

The stock has a 50 day simple moving average of $86.77 and a 200 day simple moving average of $78.85. The company has a market cap of $79.26 million, a price-to-earnings ratio of 173.32 and a beta of -0.19. The company has a quick ratio of 0.82, a current ratio of 2.17 and a debt-to-equity ratio of 1.29.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings data on Monday, April 20th. The company reported ($2.34) EPS for the quarter. The company had revenue of $715.65 million for the quarter. AMCON Distributing had a return on equity of 0.38% and a net margin of 0.01%.

AMCON Distributing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, May 11th. AMCON Distributing’s payout ratio is currently 6.69%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of AMCON Distributing by 4.7% in the fourth quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock worth $333,000 after acquiring an additional 136 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of AMCON Distributing by 1.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after acquiring an additional 136 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of AMCON Distributing by 50.0% in the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after acquiring an additional 4,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of AMCON Distributing by 49.0% in the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after acquiring an additional 10,393 shares in the last quarter. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.