Morningstar, Inc. (NASDAQ:MORN) Short Interest Down 13.2% in November

Morningstar, Inc. (NASDAQ:MORN) saw a large decrease in short interest in the month of November. As of November 29th, there was short interest totalling 298,300 shares, a decrease of 13.2% from the November 14th total of 343,600 shares. Based on an average daily volume of 96,700 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.4% of the shares of the stock are sold short.

A number of equities analysts recently weighed in on the company. ValuEngine cut Morningstar from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub cut Morningstar from a “hold” rating to a “sell” rating in a report on Friday.

NASDAQ:MORN traded down $1.23 during trading hours on Friday, hitting $148.49. 120,000 shares of the stock were exchanged, compared to its average volume of 83,727. Morningstar has a 52-week low of $99.67 and a 52-week high of $163.93. The firm’s fifty day moving average price is $155.28 and its 200 day moving average price is $152.10. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The company has a market cap of $6.49 billion, a P/E ratio of 36.73 and a beta of 0.79.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.39 EPS for the quarter. Morningstar had a return on equity of 17.99% and a net margin of 15.04%. The company had revenue of $313.80 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.30 per share. This is a positive change from Morningstar’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, January 2nd.

In related news, major shareholder Joseph D. Mansueto sold 15,408 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $144.48, for a total value of $2,226,147.84. Following the completion of the transaction, the insider now owns 21,366,631 shares of the company’s stock, valued at approximately $3,087,050,846.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joseph D. Mansueto sold 8,808 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $151.57, for a total value of $1,335,028.56. Following the completion of the transaction, the chairman now directly owns 21,072,316 shares of the company’s stock, valued at approximately $3,193,930,936.12. The disclosure for this sale can be found here. Insiders sold a total of 252,149 shares of company stock valued at $39,132,848 in the last ninety days. 54.10% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of MORN. Squar Milner Financial Services LLC increased its stake in Morningstar by 968.2% during the 3rd quarter. Squar Milner Financial Services LLC now owns 235 shares of the business services provider’s stock worth $34,000 after buying an additional 213 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in Morningstar during the 3rd quarter worth approximately $47,000. Quest Capital Management Inc. ADV purchased a new stake in Morningstar during the 3rd quarter worth approximately $50,000. Point72 Asset Management L.P. purchased a new stake in Morningstar during the 3rd quarter worth approximately $58,000. Finally, Signaturefd LLC increased its stake in Morningstar by 46.7% during the 3rd quarter. Signaturefd LLC now owns 405 shares of the business services provider’s stock worth $59,000 after buying an additional 129 shares in the last quarter. Institutional investors own 45.35% of the company’s stock.

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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