Morningstar, Inc. (NASDAQ:MORN) Shares Bought by Golden Gate Private Equity Inc.

Golden Gate Private Equity Inc. lifted its position in Morningstar, Inc. (NASDAQ:MORN) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,300 shares of the business services provider’s stock after buying an additional 2,750 shares during the period. Morningstar comprises 4.3% of Golden Gate Private Equity Inc.’s portfolio, making the stock its 5th largest holding. Golden Gate Private Equity Inc. owned about 0.15% of Morningstar worth $5,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. increased its holdings in Morningstar by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,018 shares of the business services provider’s stock valued at $471,000 after buying an additional 16 shares during the last quarter. 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 worth $265,000 after purchasing an additional 29 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Morningstar by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after purchasing an additional 98 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Morningstar by 1.7% in the second quarter. Legal & General Group Plc now owns 7,644 shares of the business services provider’s stock worth $599,000 after purchasing an additional 127 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Morningstar by 4.4% in the second quarter. State of Wisconsin Investment Board now owns 3,774 shares of the business services provider’s stock worth $296,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 38.65% of the company’s stock.

In other news, Director Gail S. Landis sold 500 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $87.00, for a total value of $43,500.00. Following the completion of the sale, the director now owns 47,921 shares in the company, valued at approximately $4,169,127. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack Noonan sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $85.46, for a total transaction of $1,709,200.00. Following the completion of the transaction, the director now directly owns 3,344 shares in the company, valued at approximately $285,778.24. The disclosure for this sale can be found here. Insiders have sold 23,500 shares of company stock valued at $2,024,825 in the last quarter. 57.40% of the stock is owned by company insiders.

Separately, BidaskClub upgraded shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th.

Morningstar, Inc. (NASDAQ MORN) traded down $0.21 during mid-day trading on Thursday, reaching $93.79. 31,637 shares of the company’s stock traded hands, compared to its average volume of 60,392. Morningstar, Inc. has a fifty-two week low of $68.43 and a fifty-two week high of $95.07. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $3,980.00, a price-to-earnings ratio of 35.53 and a beta of 0.78.

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Morningstar 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.

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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