Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Director Sells 369 Shares of Stock

Morningstar, Inc. (NASDAQ:MORNGet Rating) Director Caroline J. Tsay sold 369 shares of Morningstar stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $227.53, for a total value of $83,958.57. Following the completion of the transaction, the director now owns 6,344 shares of the company’s stock, valued at approximately $1,443,450.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of MORN traded up $3.05 during trading hours on Friday, reaching $240.15. 5,709 shares of the company traded hands, compared to its average volume of 164,204. The stock has a market capitalization of $10.26 billion, a P/E ratio of 56.17 and a beta of 1.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.37. Morningstar, Inc. has a 12-month low of $227.53 and a 12-month high of $350.21. The business has a fifty day moving average price of $264.83 and a 200-day moving average price of $289.89.

Morningstar (NASDAQ:MORNGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The business services provider reported $1.50 earnings per share for the quarter. Morningstar had a net margin of 10.46% and a return on equity of 19.08%. The business had revenue of $462.20 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, June 30th. This represents a $1.44 dividend on an annualized basis and a yield of 0.60%. Morningstar’s dividend payout ratio (DPR) is presently 33.88%.

Separately, downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in Morningstar during the 1st quarter worth $27,000. Capitolis Advisors LLC purchased a new stake in shares of Morningstar in the third quarter valued at about $31,000. First Horizon Advisors Inc. lifted its stake in shares of Morningstar by 152.5% in the fourth quarter. First Horizon Advisors Inc. now owns 101 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 61 shares during the period. Covestor Ltd acquired a new stake in shares of Morningstar in the fourth quarter valued at about $34,000. Finally, Proffitt & Goodson Inc. acquired a new position in Morningstar during the first quarter worth about $37,000. 54.01% of the stock is currently owned by hedge funds and other institutional investors.

Morningstar Company Profile (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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Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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