Trexquant Investment LP Buys Shares of 2,654 Morningstar, Inc. (MORN)
Trexquant Investment LP bought a new position in Morningstar, Inc. (NASDAQ:MORN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,654 shares of the business services provider’s stock, valued at approximately $334,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in Morningstar by 221.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,548 shares of the business services provider’s stock worth $195,000 after purchasing an additional 1,066 shares during the period. Connable Office Inc. bought a new position in Morningstar in the 2nd quarter worth about $215,000. Spectrum Asset Management Inc. NB CA bought a new position in Morningstar in the 2nd quarter worth about $231,000. Comerica Bank bought a new position in Morningstar in the 3rd quarter worth about $209,000. Finally, Oppenheimer & Co. Inc. bought a new position in Morningstar in the 3rd quarter worth about $314,000. Institutional investors and hedge funds own 40.52% of the company’s stock.
In other Morningstar news, Director William M. Lyons sold 625 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $111.38, for a total value of $69,612.50. Following the completion of the transaction, the director now owns 15,502 shares in the company, valued at approximately $1,726,612.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph D. Mansueto sold 16,143 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $115.55, for a total value of $1,865,323.65. Following the completion of the transaction, the insider now owns 22,818,341 shares of the company’s stock, valued at approximately $2,636,659,302.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 309,687 shares of company stock valued at $38,652,498. 57.50% of the stock is owned by corporate insiders.
Shares of NASDAQ MORN opened at $115.21 on Friday. Morningstar, Inc. has a 52 week low of $90.00 and a 52 week high of $144.34. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 31.23 and a beta of 0.74.
Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 24th. The business services provider reported $1.13 EPS for the quarter. Morningstar had a return on equity of 18.50% and a net margin of 17.94%. The business had revenue of $261.30 million during the quarter.
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Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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