YHB Investment Advisors Inc. Has $1.83 Million Position in Morningstar, Inc. (MORN)
YHB Investment Advisors Inc. cut its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,526 shares of the business services provider’s stock after selling 1,320 shares during the quarter. YHB Investment Advisors Inc. owned approximately 0.05% of Morningstar worth $1,829,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in Morningstar by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after purchasing an additional 98 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Morningstar by 12.2% during the second quarter. Pacer Advisors Inc. now owns 2,321 shares of the business services provider’s stock worth $182,000 after purchasing an additional 253 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Morningstar during the third quarter worth about $219,000. Farr Miller & Washington LLC DC purchased a new position in Morningstar during the second quarter worth about $253,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Morningstar by 0.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock worth $265,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 38.39% of the company’s stock.
In other Morningstar news, Director Gail S. Landis sold 500 shares of Morningstar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $87.00, for a total value of $43,500.00. Following the sale, the director now owns 47,921 shares of the company’s stock, valued at $4,169,127. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jack Noonan sold 20,000 shares of Morningstar stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $85.46, for a total transaction of $1,709,200.00. Following the completion of the sale, the director now directly owns 3,344 shares in the company, valued at approximately $285,778.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,000 shares of company stock worth $1,795,200. Insiders own 57.40% of the company’s stock.
Separately, BidaskClub raised shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th.
Shares of Morningstar, Inc. (NASDAQ:MORN) traded up $0.85 during mid-day trading on Friday, reaching $88.70. 43,200 shares of the company’s stock traded hands, compared to its average volume of 44,772. The company has a market capitalization of $3,772.41, a price-to-earnings ratio of 33.73 and a beta of 0.75. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Morningstar, Inc. has a twelve month low of $68.43 and a twelve month high of $89.45.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 18th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, October 17th. Morningstar’s dividend payout ratio is 23.53%.
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
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