TrimTabs Asset Management LLC Decreases Stock Position in Morningstar, Inc. (NASDAQ:MORN)

TrimTabs Asset Management LLC cut its holdings in Morningstar, Inc. (NASDAQ:MORN) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,328 shares of the business services provider’s stock after selling 2,111 shares during the period. TrimTabs Asset Management LLC’s holdings in Morningstar were worth $1,217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MORN. North Star Investment Management Corp. acquired a new position in shares of Morningstar during the 3rd quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new position in shares of Morningstar during the second quarter valued at $60,000. Resources Investment Advisors LLC. acquired a new position in shares of Morningstar in the 2nd quarter valued at $65,000. Tower Research Capital LLC TRC purchased a new stake in shares of Morningstar during the 2nd quarter worth about $83,000. Finally, Huntington National Bank grew its holdings in shares of Morningstar by 13.4% during the 2nd quarter. Huntington National Bank now owns 1,064 shares of the business services provider’s stock worth $154,000 after purchasing an additional 126 shares in the last quarter. 43.98% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman Joseph D. Mansueto sold 1,193 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $147.64, for a total transaction of $176,134.52. Following the sale, the chairman now owns 21,380,755 shares in the company, valued at $3,156,654,668.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Joseph D. Mansueto sold 18,615 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $160.51, for a total value of $2,987,893.65. Following the sale, the insider now owns 21,547,780 shares in the company, valued at approximately $3,458,634,167.80. The disclosure for this sale can be found here. Insiders have sold 325,239 shares of company stock valued at $50,326,174 over the last ninety days. 54.10% of the stock is owned by insiders.

A number of research analysts have issued reports on MORN shares. ValuEngine cut Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub cut Morningstar from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th.

Shares of MORN stock traded up $3.62 on Wednesday, hitting $148.71. 2,189 shares of the stock were exchanged, compared to its average volume of 81,756. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.22 billion, a P/E ratio of 37.58 and a beta of 0.79. The business has a 50-day moving average of $154.61 and a 200 day moving average of $144.85. Morningstar, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $162.53.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.98 earnings per share for the quarter. The company had revenue of $273.90 million during the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.12 annualized dividend and a dividend yield of 0.75%.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, 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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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