Twin Tree Management LP Sells 357 Shares of Morningstar, Inc. (NASDAQ:MORN)

Twin Tree Management LP decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 14.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,150 shares of the business services provider’s stock after selling 357 shares during the quarter. Twin Tree Management LP’s holdings in Morningstar were worth $663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MORN. Principal Securities Inc. bought a new stake in shares of Morningstar in the 4th quarter worth about $29,000. GAMMA Investing LLC bought a new stake in Morningstar during the 4th quarter valued at about $35,000. CVA Family Office LLC bought a new stake in Morningstar during the 4th quarter valued at about $65,000. Fifth Third Bancorp lifted its holdings in Morningstar by 19.6% during the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock valued at $66,000 after buying an additional 38 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Morningstar during the 1st quarter valued at about $66,000. Institutional investors own 57.02% of the company’s stock.

Insider Transactions at Morningstar

In other news, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the transaction, the chief financial officer now owns 20,181 shares of the company’s stock, valued at approximately $6,056,519.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the transaction, the chief financial officer now owns 20,181 shares of the company’s stock, valued at approximately $6,056,519.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $289.07, for a total transaction of $216,802.50. Following the completion of the transaction, the director now directly owns 16,590 shares in the company, valued at approximately $4,795,671.30. The disclosure for this sale can be found here. Insiders have sold a total of 77,952 shares of company stock valued at $23,001,340 in the last 90 days. Insiders own 39.90% of the company’s stock.

Morningstar Trading Down 1.1 %

NASDAQ MORN opened at $305.48 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 61.71 and a beta of 1.17. The company’s 50-day simple moving average is $295.97 and its two-hundred day simple moving average is $293.19. Morningstar, Inc. has a one year low of $205.19 and a one year high of $316.05.

Morningstar (NASDAQ:MORN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. The business had revenue of $542.80 million for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, July 12th. Morningstar’s payout ratio is currently 32.73%.

Morningstar Profile

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.