Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 1,144 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,144 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $317.03, for a total transaction of $362,682.32. Following the transaction, the chairman now directly owns 10,640,768 shares in the company, valued at $3,373,442,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Morningstar Price Performance

MORN traded down $11.37 during midday trading on Monday, hitting $301.14. 74,953 shares of the company traded hands, compared to its average volume of 118,222. The business has a 50 day simple moving average of $299.60 and a two-hundred day simple moving average of $296.29. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 61.51 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.98 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.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (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 during the quarter.

Morningstar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, July 12th. Morningstar’s payout ratio is 32.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in shares of Morningstar by 10.4% in the second quarter. Arizona State Retirement System now owns 7,775 shares of the business services provider’s stock valued at $2,300,000 after purchasing an additional 734 shares during the period. George Kaiser Family Foundation lifted its stake in Morningstar by 0.7% in the second quarter. George Kaiser Family Foundation now owns 7,693 shares of the business services provider’s stock worth $2,276,000 after acquiring an additional 55 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Morningstar by 54.1% in the second quarter. Simon Quick Advisors LLC now owns 3,906 shares of the business services provider’s stock worth $1,156,000 after acquiring an additional 1,372 shares during the last quarter. Rhumbline Advisers lifted its stake in Morningstar by 1.2% in the second quarter. Rhumbline Advisers now owns 75,749 shares of the business services provider’s stock worth $22,410,000 after acquiring an additional 869 shares during the last quarter. Finally, Versor Investments LP purchased a new position in Morningstar in the second quarter worth approximately $1,035,000. 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.