Morningstar (MORN) Receiving Somewhat Positive Media Coverage, Report Finds
Media coverage about Morningstar (NASDAQ:MORN) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morningstar earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 43.2120124798628 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Insiders may not have as much investing savvy as you think (investmentnews.com)
- Latest: Giveaways brought people to the mall (valleymorningstar.com)
- Why China Is Targeting Shares of the Nation’s Iconic Liquor Maker (bloomberg.com)
- Vanguard’s Davis makes case for index funds even in tough times (cnbc.com)
- Steven N. Kaplan Sells 2,500 Shares of Morningstar, Inc. (MORN) Stock (americanbankingnews.com)
Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.
Shares of Morningstar (NASDAQ:MORN) traded down $0.24 during midday trading on Friday, hitting $92.28. The stock had a trading volume of 19,871 shares, compared to its average volume of 45,282. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $3,934.85, a P/E ratio of 35.18 and a beta of 0.75. Morningstar has a 12-month low of $68.43 and a 12-month high of $93.29.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Wednesday, October 18th were issued a $0.23 dividend. The ex-dividend date was Tuesday, October 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.00%. Morningstar’s dividend payout ratio (DPR) is presently 23.53%.
In other Morningstar news, Director Jack Noonan sold 20,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $85.46, for a total transaction of $1,709,200.00. Following the sale, the director now owns 3,344 shares of the company’s stock, valued at approximately $285,778.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven N. Kaplan sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $91.85, for a total transaction of $229,625.00. Following the sale, the director now directly owns 44,821 shares in the company, valued at approximately $4,116,808.85. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock worth $2,024,825 in the last ninety days. 57.40% of the stock is currently owned by insiders.
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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.
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