Morningstar (NASDAQ:MORN) Hits New 1-Year Low at $181.21

Shares of Morningstar, Inc. (NASDAQ:MORN – Get Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $181.21 and last traded at $181.21, with a volume of 44721 shares traded. The stock had previously closed at $186.20.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MORN shares. StockNews.com started coverage on Morningstar in a report on Thursday. They issued a “hold” rating on the stock. Redburn Partners cut Morningstar from a “buy” rating to a “neutral” rating in a report on Wednesday, January 11th.

Morningstar Trading Down 1.4 %

The company has a market cap of $7.80 billion, a PE ratio of 112.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50-day moving average of $226.85 and a 200 day moving average of $226.89.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 14,500 shares of Morningstar stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $189.29, for a total value of $2,744,705.00. Following the completion of the transaction, the chairman now owns 11,494,411 shares in the company, valued at $2,175,777,058.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Joseph D. Mansueto sold 14,500 shares of Morningstar stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $189.29, for a total value of $2,744,705.00. Following the completion of the transaction, the chairman now owns 11,494,411 shares in the company, valued at $2,175,777,058.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Joseph D. Mansueto sold 140 shares of Morningstar stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $200.56, for a total value of $28,078.40. Following the completion of the transaction, the chairman now owns 11,508,911 shares of the company’s stock, valued at approximately $2,308,227,190.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,120 shares of company stock worth $31,914,849. Corporate insiders own 45.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. HBK Sorce Advisory LLC boosted its position in shares of Morningstar by 3.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,296 shares of the business services provider’s stock valued at $281,000 after buying an additional 46 shares during the period. Amalgamated Bank boosted its position in shares of Morningstar by 0.8% during the fourth quarter. Amalgamated Bank now owns 5,592 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 47 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Morningstar by 12.9% during the fourth quarter. Quadrant Capital Group LLC now owns 430 shares of the business services provider’s stock valued at $93,000 after buying an additional 49 shares during the period. Fiduciary Trust Co. boosted its position in shares of Morningstar by 2.0% during the third quarter. Fiduciary Trust Co. now owns 2,501 shares of the business services provider’s stock valued at $531,000 after buying an additional 50 shares during the period. Finally, Kensington Investment Counsel LLC boosted its position in shares of Morningstar by 0.6% during the third quarter. Kensington Investment Counsel LLC now owns 8,913 shares of the business services provider’s stock valued at $1,892,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 54.79% of the company’s stock.

About Morningstar

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Morningstar, Inc engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.