Insider Selling: Jack Noonan Sells 1,000 Shares of Morningstar Stock (MORN)
Morningstar (NASDAQ:MORN) Director Jack Noonan unloaded 1,000 shares of Morningstar stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $74.04, for a total value of $74,040.00. Following the completion of the sale, the director now directly owns 63,915 shares of the company’s stock, valued at approximately $4,732,267. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Morningstar (NASDAQ:MORN) traded up 0.41% during mid-day trading on Monday, hitting $74.215. 155,459 shares of the company’s stock traded hands. Morningstar has a 52 week low of $60.69 and a 52 week high of $80.00. The stock has a 50-day moving average of $77.05 and a 200-day moving average of $73.55. The company has a market cap of $3.422 billion and a price-to-earnings ratio of 28.98.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Monday, October 14th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, October 9th.
Morningstar, Inc, is a provider of independent investment research to investors worldwide. It operates in two segments: Investment Information and Investment Management.
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