Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $362,682.32 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,144 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $317.03, for a total value of $362,682.32. Following the completion of the transaction, the chairman now owns 10,640,768 shares in the company, valued at approximately $3,373,442,679.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Morningstar Stock Performance

Shares of Morningstar stock opened at $300.86 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. Morningstar, Inc. has a 52 week low of $213.38 and a 52 week high of $330.22. The firm’s 50 day moving average is $299.87 and its two-hundred day moving average is $296.62. The firm has a market capitalization of $12.86 billion, a P/E ratio of 60.78 and a beta of 1.17.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%. The firm had revenue of $571.90 million for the quarter.

Morningstar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were given a $0.405 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Scout Investments Inc. boosted its holdings in shares of Morningstar by 75.8% in the first quarter. Scout Investments Inc. now owns 42,549 shares of the business services provider’s stock valued at $13,034,000 after acquiring an additional 18,345 shares during the period. SG Americas Securities LLC raised its position in Morningstar by 506.2% in the 1st quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider’s stock valued at $4,071,000 after purchasing an additional 11,024 shares during the last quarter. Wasatch Advisors LP boosted its stake in Morningstar by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider’s stock worth $152,834,000 after purchasing an additional 5,240 shares during the period. Confluence Investment Management LLC purchased a new position in Morningstar during the 1st quarter worth $20,986,000. Finally, M&G Plc acquired a new position in Morningstar in the first quarter valued at $52,293,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.