Andina Capital Management LLC Invests $388,000 in Morningstar, Inc. $MORN

Key Points

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Andina Capital Management LLC purchased a new position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,295 shares of the business services provider's stock, valued at approximately $388,000.

Several other institutional investors and hedge funds have also bought and sold shares of MORN. Hughes Financial Services LLC purchased a new position in shares of Morningstar during the first quarter worth $25,000. Larson Financial Group LLC raised its stake in shares of Morningstar by 5,066.7% during the 1st quarter. Larson Financial Group LLC now owns 155 shares of the business services provider's stock valued at $46,000 after buying an additional 152 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Morningstar by 172.3% in the 1st quarter. Blue Trust Inc. now owns 177 shares of the business services provider's stock valued at $53,000 after buying an additional 112 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Morningstar in the fourth quarter worth about $71,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Morningstar during the first quarter worth about $95,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Morningstar news, Chairman Joseph D. Mansueto sold 7,250 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $258.08, for a total transaction of $1,871,080.00. Following the completion of the transaction, the chairman owned 9,347,481 shares of the company's stock, valued at $2,412,397,896.48. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 60,647 shares of company stock worth $15,953,582. 36.20% of the stock is currently owned by insiders.

Morningstar Price Performance

Shares of MORN stock traded down $3.62 during trading hours on Thursday, hitting $258.67. 385,741 shares of the company's stock were exchanged, compared to its average volume of 351,622. Morningstar, Inc. has a fifty-two week low of $250.34 and a fifty-two week high of $365.00. The firm has a market cap of $10.91 billion, a P/E ratio of 27.55 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $286.06 and a two-hundred day moving average of $294.83.

Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.21 by $0.19. The company had revenue of $605.10 million during the quarter, compared to analyst estimates of $605.84 million. Morningstar had a net margin of 17.22% and a return on equity of 23.54%.

Morningstar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, July 11th. Morningstar's payout ratio is presently 19.38%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MORN. BMO Capital Markets boosted their price target on Morningstar from $339.00 to $355.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Wall Street Zen cut shares of Morningstar from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $361.67.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.