Live Ownership Coverage: Amcon Distributing Co (NYSEMKT:DIT) 2016 Q2 Sentiment Report

November 21, 2016 - By Darrin Black   ·   0 Comments

Live Ownership Coverage: Amcon Distributing Co (NYSEMKT:DIT)  2016 Q2 Sentiment Report

Sentiment for Amcon Distributing Co (NYSEMKT:DIT)

Amcon Distributing Co (NYSEMKT:DIT) institutional sentiment increased to 4 in 2016 Q2. Its up 1.75, from 2.25 in 2016Q1. The ratio is positive, as 9 hedge funds started new and increased stock positions, while 4 cut down and sold stock positions in Amcon Distributing Co. The hedge funds in our partner’s database now possess: 78,453 shares, down from 159,662 shares in 2016Q1. Also, the number of hedge funds holding Amcon Distributing Co in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 4 New Position: 5.

AMCON Distributing Company is wholesale distributor of consumer products. The company has a market cap of $62.23 million. The Firm operates in two divisions, such as wholesale distribution segment (Wholesale Segment) and retail health food segment (Retail Segment). It has a 11.07 P/E ratio. The Company’s Wholesale Segment distributes consumer products in the Central, Rocky Mountain, and Southern regions of the United States.

The stock decreased 1.97% or $1.85 on November 18, hitting $92. AMCON Distributing Co. (NYSEMKT:DIT) has risen 12.54% since April 19, 2016 and is uptrending. It has outperformed by 8.68% the S&P500.

According to Zacks Investment Research, “AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, food service, frozen and chilled foods, and health and beauty care products with distribution centers in Illinois, Missouri, Nebraska, North Dakota and South Dakota. The company operates through two segments: Wholesale Distribution and Retail Health Food. The Wholesale Distribution segment has five distribution centers that distribute the products to approximately 4,000 retailers, such as convenience stores, discount and general merchandise stores, grocery stores and supermarkets, drug stores, and gas stations, as well as serves institutional customers, including restaurants and bars, schools, sports complexes and vendors, and other wholesalers. The Retail Health Food segment operates retail health food stores, which carry natural supplements, groceries, health and beauty care products, and other food items. AMCON Distributing Company is based in Omaha, Nebraska.”

Willis Investment Counsel holds 0.16% of its portfolio in AMCON Distributing Co. for 20,448 shares. Grt Capital Partners L.L.C. owns 2,279 shares or 0.05% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 7,100 shares. The New York-based Tower Research Capital Llc (Trc) has invested 0.01% in the stock. Acadian Asset Management Llc, a Massachusetts-based fund reported 164 shares.#img1#

DIT Company Profile

AMCON Distributing Company (AMCON), incorporated on June 17, 1986, is wholesale distributor of consumer products. The Firm operates in two divisions: wholesale distribution segment (Wholesale Segment) and retail health food segment (Retail Segment). The Company’s Wholesale Segment distributes consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The Company’s retail health food segment (Retail Segment) operates 16 health food retail stores located throughout the Midwest and Florida. The retail stores operate under the names Chamberlin’s Market & Cafe and Akin’s Natural Foods Market. The consumer products include beverages, candy, tobacco, groceries, foodservice, frozen and chilled foods, and health and beauty care products with locations in Illinois, Missouri, Nebraska, North Dakota, South Dakota and Tennessee.

More notable recent AMCON Distributing Co. (NYSEMKT:DIT) news were published by: Seekingalpha.com which released: “Amcon Distributing Q4 Update – Retail Continues To Pressure Operations” on November 16, 2016, also Businesswire.com with their article: “AMCON Distributing Company Announces $0.18 Quarterly Dividend, Common Stock …” published on July 27, 2016, Businesswire.com published: “AMCON Distributing Company Announces $0.18 Quarterly Dividend and Common Stock …” on October 25, 2016. More interesting news about AMCON Distributing Co. (NYSEMKT:DIT) were released by: Nasdaq.com and their article: “AMCON Distributing Company (DIT) Ex-Dividend Date Scheduled for November 04, 2016” published on November 03, 2016 as well as Seekingalpha.com‘s news article titled: “Amcon Distributing: Solid Niche Business, But Several Caveats Are Present” with publication date: July 13, 2016.

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By Darrin Black


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