Morningstar, Inc. (NASDAQ:MORN) reached a new 52-week high and low on Wednesday . The company traded as low as $114.71 and last traded at $114.20, with a volume of 975 shares changing hands. The stock had previously closed at $113.06.
Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd.
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The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 37.16 and a beta of 0.66.
Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share for the quarter. Morningstar had a return on equity of 16.54% and a net margin of 17.00%. The business had revenue of $243.10 million for the quarter.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 27th. Investors of record on Friday, April 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, April 5th.
In other Morningstar news, Chairman Joseph D. Mansueto sold 12,214 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $108.79, for a total value of $1,328,761.06. Following the transaction, the chairman now directly owns 23,794,095 shares of the company’s stock, valued at approximately $2,588,559,595.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph D. Mansueto sold 18,534 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $112.29, for a total value of $2,081,182.86. Following the completion of the transaction, the insider now directly owns 23,699,751 shares in the company, valued at $2,661,245,039.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,238 shares of company stock worth $10,318,404. Insiders own 57.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Golden Gate Private Equity Inc. grew its holdings in Morningstar by 6.2% in the 4th quarter. Golden Gate Private Equity Inc. now owns 68,300 shares of the business services provider’s stock valued at $6,623,000 after buying an additional 4,000 shares in the last quarter. Teachers Advisors LLC grew its holdings in Morningstar by 2.5% in the 4th quarter. Teachers Advisors LLC now owns 37,907 shares of the business services provider’s stock valued at $3,676,000 after buying an additional 908 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new position in Morningstar in the 4th quarter valued at $735,000. Advisory Services Network LLC grew its holdings in Morningstar by 3,455.7% in the 4th quarter. Advisory Services Network LLC now owns 2,809 shares of the business services provider’s stock valued at $272,000 after buying an additional 2,730 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Morningstar in the 4th quarter valued at $423,000. 40.94% of the stock is currently owned by hedge funds and other institutional investors.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. 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.