Shares of Morningstar, Inc. (NASDAQ:MORN – Get Rating) hit a new 52-week low on Thursday following insider selling activity. The company traded as low as $215.38 and last traded at $215.38, with a volume of 89 shares traded. The stock had previously closed at $219.99.
Specifically, Chairman Joseph D. Mansueto sold 120 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $254.35, for a total transaction of $30,522.00. Following the sale, the chairman now directly owns 12,423,080 shares in the company, valued at $3,159,810,398. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Joseph D. Mansueto sold 4,970 shares of Morningstar stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $225.43, for a total value of $1,120,387.10. Following the transaction, the chairman now owns 12,242,563 shares in the company, valued at approximately $2,759,840,977.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 120 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $254.35, for a total value of $30,522.00. Following the transaction, the chairman now directly owns 12,423,080 shares of the company’s stock, valued at approximately $3,159,810,398. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,067 shares of company stock worth $19,354,547. Company insiders own 45.70% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MORN. Redburn Partners raised shares of Morningstar from a “neutral” rating to a “buy” rating in a report on Tuesday. TheStreet downgraded shares of Morningstar from a “b-” rating to a “c+” rating in a research note on Tuesday, September 6th.
Morningstar Stock Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in Morningstar during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. increased its holdings in Morningstar by 1,109.1% in the second quarter. First Horizon Advisors Inc. now owns 133 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 122 shares during the period. Proffitt & Goodson Inc. bought a new position in Morningstar during the 1st quarter worth $37,000. O Dell Group LLC acquired a new position in Morningstar during the 1st quarter worth about $45,000. Finally, Quent Capital LLC bought a new stake in shares of Morningstar in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 54.95% of the company’s stock.
Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
- Get a free copy of the StockNews.com research report on Morningstar (MORN)
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