Joseph D. Mansueto Sells 1,650 Shares of Morningstar, Inc. (MORN) Stock
Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,650 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $123.44, for a total transaction of $203,676.00. Following the completion of the transaction, the chairman now directly owns 22,523,830 shares in the company, valued at approximately $2,780,341,575.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:MORN opened at $124.72 on Friday. The firm has a market capitalization of $5.33 billion, a PE ratio of 33.51 and a beta of 0.86. Morningstar, Inc. has a one year low of $90.25 and a one year high of $144.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Friday, January 4th were issued a $0.28 dividend. This is a positive change from Morningstar’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, January 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.90%.
Large investors have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Morningstar in the 4th quarter worth $85,000. Paradigm Asset Management Co. LLC increased its holdings in shares of Morningstar by 14.3% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock worth $101,000 after buying an additional 100 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Morningstar by 31.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 942 shares of the business services provider’s stock worth $103,000 after buying an additional 228 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Morningstar in the 3rd quarter worth $123,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Morningstar by 7,880.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the business services provider’s stock worth $151,000 after buying an additional 1,182 shares during the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://theolympiareport.com/2019/02/08/joseph-d-mansueto-sells-1650-shares-of-morningstar-inc-morn-stock.html.
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.
Featured Article: Marijuana Stocks Investing Considerations
Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.