AMCON Distributing Stock Set to Split on Monday, March 23rd (NYSEAMERICAN:DIT)

AMCON Distributing Company (NYSEAMERICAN:DIT)’s stock is set to split on Monday, March 23rd. The 1.5-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Sunday, March 22nd.

AMCON Distributing Trading Up 0.3%

AMCON Distributing stock opened at $112.31 on Wednesday. AMCON Distributing has a one year low of $94.92 and a one year high of $134.50. The business’s fifty day moving average is $110.30 and its 200 day moving average is $113.50. The stock has a market capitalization of $73.00 million, a PE ratio of 68.90 and a beta of 0.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.64 and a quick ratio of 0.98.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings data on Tuesday, January 20th. The company reported $1.28 EPS for the quarter. AMCON Distributing had a return on equity of 0.90% and a net margin of 0.04%.The company had revenue of $730.06 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Bridgeway Capital Management LLC increased its stake in AMCON Distributing Company (NYSEAMERICAN:DIT) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,538 shares of the company’s stock after purchasing an additional 136 shares during the quarter. Bridgeway Capital Management LLC owned 1.47% of AMCON Distributing worth $1,006,000 at the end of the most recent quarter. 11.14% of the stock is owned by hedge funds and other institutional investors.

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.