Morningstar, Inc. (NASDAQ:MORN) Short Interest Update

Morningstar, Inc. (NASDAQ:MORNGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 345,900 shares, a growth of 24.2% from the March 15th total of 278,500 shares. Based on an average trading volume of 170,300 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the shares of the stock are short sold.

Separately, StockNews.com lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

Shares of Morningstar stock traded up $5.68 during trading on Tuesday, hitting $279.14. The stock had a trading volume of 375 shares, compared to its average volume of 174,326. Morningstar has a 12 month low of $229.33 and a 12 month high of $350.21. The firm’s fifty day simple moving average is $274.03 and its 200-day simple moving average is $295.03. The stock has a market cap of $11.97 billion, a PE ratio of 61.31 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.13 and a quick ratio of 1.13.

Morningstar (NASDAQ:MORNGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The business services provider reported $1.50 earnings per share for the quarter. The company had revenue of $462.20 million during the quarter. Morningstar had a net margin of 11.38% and a return on equity of 20.18%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Friday, April 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, March 31st. Morningstar’s dividend payout ratio (DPR) is 32.29%.

In other Morningstar news, Chairman Joseph D. Mansueto sold 12,171 shares of the stock in a transaction on Monday, February 7th. The shares were sold at an average price of $295.48, for a total transaction of $3,596,287.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Dubinsky sold 1,500 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $280.04, for a total transaction of $420,060.00. The disclosure for this sale can be found here. Insiders have sold 199,789 shares of company stock valued at $54,890,392 over the last ninety days. 41.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in Morningstar by 48.5% during the 3rd quarter. Allworth Financial LP now owns 101 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Zacks Investment Management boosted its stake in Morningstar by 4.6% in the 4th quarter. Zacks Investment Management now owns 906 shares of the business services provider’s stock worth $310,000 after purchasing an additional 40 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Morningstar by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 914 shares of the business services provider’s stock worth $313,000 after purchasing an additional 40 shares in the last quarter. Van ECK Associates Corp boosted its stake in Morningstar by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 548 shares of the business services provider’s stock worth $187,000 after purchasing an additional 41 shares in the last quarter. Finally, MAI Capital Management grew its holdings in shares of Morningstar by 4.8% during the fourth quarter. MAI Capital Management now owns 948 shares of the business services provider’s stock worth $324,000 after buying an additional 43 shares in the last quarter. 52.23% of the stock is currently owned by institutional investors and hedge funds.

About Morningstar (Get Rating)

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

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