Morningstar (NASDAQ:MORN) Hits New 12-Month Low on Insider Selling

Shares of Morningstar, Inc. (NASDAQ:MORNGet 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

The company has a market cap of $9.23 billion, a price-to-earnings ratio of 51.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $240.87 and a two-hundred day moving average of $249.92.

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

(Get Rating)

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.

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