Linden Thomas Advisory Services LLC Has $1.54 Million Position in Morningstar, Inc. (NASDAQ:MORN)

Linden Thomas Advisory Services LLC trimmed its position in Morningstar, Inc. (NASDAQ:MORN) by 29.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,197 shares of the business services provider’s stock after selling 2,194 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Morningstar were worth $1,538,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Scout Investments Inc. boosted its position 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 stake 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 worth $4,071,000 after purchasing an additional 11,024 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Morningstar by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider’s stock valued at $152,834,000 after purchasing an additional 5,240 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Morningstar during the 1st quarter worth approximately $20,986,000. Finally, M&G Plc bought a new position in shares of Morningstar during the first quarter worth approximately $52,293,000. Institutional investors own 57.02% of the company’s stock.

Morningstar Price Performance

Shares of NASDAQ MORN traded up $2.92 during midday trading on Thursday, reaching $303.78. The company’s stock had a trading volume of 19,428 shares, compared to its average volume of 118,040. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 1.05. The company has a market cap of $12.99 billion, a P/E ratio of 61.60 and a beta of 1.17. The business’s 50 day moving average price is $300.14 and its two-hundred day moving average price is $296.65. Morningstar, Inc. has a fifty-two week low of $213.38 and a fifty-two week high of $330.22.

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

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were given a dividend of $0.405 per share. The ex-dividend date was Friday, July 12th. This represents a $1.62 annualized dividend and a yield of 0.53%. Morningstar’s dividend payout ratio is 32.73%.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 236 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $296.65, for a total value of $70,009.40. Following the completion of the transaction, the chairman now directly owns 10,668,489 shares in the company, valued at approximately $3,164,807,261.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $302.64, for a total value of $2,742,523.68. Following the completion of the transaction, the chairman now owns 10,631,706 shares of the company’s stock, valued at approximately $3,217,579,503.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 236 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $296.65, for a total transaction of $70,009.40. Following the sale, the chairman now directly owns 10,668,489 shares in the company, valued at approximately $3,164,807,261.85. The disclosure for this sale can be found here. Insiders have sold 64,859 shares of company stock worth $19,324,174 over the last ninety days. Corporate insiders own 39.90% of the company’s stock.

Morningstar Company Profile

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.