WINTON GROUP Ltd lowered its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,151 shares of the business services provider’s stock after selling 85 shares during the period. WINTON GROUP Ltd’s holdings in Morningstar were worth $566,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of MORN. Quantamental Technologies LLC purchased a new stake in shares of Morningstar during the fourth quarter valued at approximately $85,000. Paradigm Asset Management Co. LLC raised its stake in shares of Morningstar by 14.3% during the third quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 100 shares during the period. Flagship Harbor Advisors LLC raised its stake in shares of Morningstar by 31.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 942 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 228 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Morningstar during the third quarter valued at approximately $123,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Morningstar by 7,880.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 1,182 shares during the period. Institutional investors own 40.36% of the company’s stock.
A number of analysts have recently issued reports on MORN shares. ValuEngine upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub upgraded shares of Morningstar from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th.
Shares of NASDAQ:MORN traded up $0.39 during midday trading on Thursday, reaching $126.16. The company had a trading volume of 15,392 shares, compared to its average volume of 70,679. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.35 billion, a PE ratio of 33.61 and a beta of 0.86. Morningstar, Inc. has a one year low of $91.61 and a one year high of $144.34.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, January 3rd. This is a positive change from Morningstar’s previous quarterly dividend of $0.25.
In related news, insider Joseph D. Mansueto sold 20,683 shares of Morningstar stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $118.48, for a total value of $2,450,521.84. Following the completion of the sale, the insider now owns 22,801,998 shares in the company, valued at $2,701,580,723.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph D. Mansueto sold 16,143 shares of Morningstar stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $115.55, for a total transaction of $1,865,323.65. Following the completion of the sale, the insider now owns 22,818,341 shares of the company’s stock, valued at approximately $2,636,659,302.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 384,642 shares of company stock valued at $44,469,757. Insiders own 57.50% of the company’s stock.
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Morningstar Company Profile
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.
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