American Capital Management Inc. cut its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,795 shares of the business services provider’s stock after selling 3,176 shares during the period. American Capital Management Inc. owned approximately 0.47% of Morningstar worth $15,965,000 at the end of the most recent reporting period.
Separately, Public Employees Retirement Association of Colorado increased its stake in shares of Morningstar by 0.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock valued at $265,000 after buying an additional 29 shares during the period. 38.78% of the stock is owned by institutional investors and hedge funds.
Morningstar, Inc. (MORN) opened at 81.63 on Friday. The company’s 50-day moving average is $80.75 and its 200 day moving average is $77.84. The stock has a market capitalization of $3.47 billion, a PE ratio of 21.42 and a beta of 0.75. Morningstar, Inc. has a 12-month low of $67.74 and a 12-month high of $84.68.
COPYRIGHT VIOLATION NOTICE: “American Capital Management Inc. Sells 3,176 Shares of Morningstar, Inc. (MORN)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/08/19/morningstar-inc-morn-stake-lowered-by-american-capital-management-inc-updated-updated.html.
Separately, BidaskClub downgraded shares of Morningstar from a “hold” rating to a “sell” rating in a research note on Friday, June 9th.
In other Morningstar news, insider Bevin Desmond sold 3,002 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $83.21, for a total transaction of $249,796.42. Following the sale, the insider now owns 34,040 shares of the company’s stock, valued at approximately $2,832,468.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gail S. Landis sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $83.00, for a total transaction of $41,500.00. Following the completion of the transaction, the director now directly owns 7,881 shares in the company, valued at approximately $654,123. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,002 shares of company stock worth $332,401. Insiders own 57.40% of the company’s stock.
Morningstar Company Profile
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
What are top analysts saying about Morningstar Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Morningstar Inc. and related companies.