Morningstar, Inc. (NASDAQ:MORN – Get Rating) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 308,700 shares, an increase of 34.8% from the April 15th total of 229,000 shares. Based on an average daily volume of 150,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.2% of the company’s shares are sold short.
Separately, StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.
In other news, Chairman Joseph D. Mansueto sold 9,819 shares of the business’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $273.85, for a total value of $2,688,933.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Joseph D. Mansueto sold 4,545 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $273.14, for a total value of $1,241,421.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,363 shares of company stock worth $53,841,673. 41.90% of the stock is owned by corporate insiders.
MORN traded up $3.45 during trading on Tuesday, hitting $241.58. The company’s stock had a trading volume of 158,380 shares, compared to its average volume of 170,680. Morningstar has a twelve month low of $229.33 and a twelve month high of $350.21. The firm’s 50 day moving average price is $266.50 and its 200-day moving average price is $291.19. The stock has a market cap of $10.32 billion, a PE ratio of 56.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.25 and a quick ratio of 1.25.
Morningstar (NASDAQ:MORN – Get Rating) last posted its earnings results on Thursday, February 24th. The business services provider reported $1.50 EPS for the quarter. The firm had revenue of $462.20 million during the quarter. Morningstar had a net margin of 10.46% and a return on equity of 19.08%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, June 30th. Morningstar’s payout ratio is 33.88%.
About Morningstar (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.
- Get a free copy of the StockNews.com research report on Morningstar (MORN)
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