Quadrature Capital Ltd Takes Position in Thermon Group Holdings, Inc. (NYSE:THR)

Quadrature Capital Ltd purchased a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,376 shares of the technology company’s stock, valued at approximately $827,000. Quadrature Capital Ltd owned approximately 0.08% of Thermon Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THR. Swiss National Bank lifted its holdings in shares of Thermon Group by 1.5% during the third quarter. Swiss National Bank now owns 74,100 shares of the technology company’s stock valued at $2,036,000 after purchasing an additional 1,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Thermon Group by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,172 shares of the technology company’s stock valued at $7,119,000 after purchasing an additional 7,178 shares in the last quarter. FMR LLC lifted its holdings in shares of Thermon Group by 99.0% during the third quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock valued at $50,587,000 after purchasing an additional 916,248 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Thermon Group during the third quarter valued at $365,000. Finally, Federated Hermes Inc. lifted its holdings in Thermon Group by 44.0% in the third quarter. Federated Hermes Inc. now owns 258,039 shares of the technology company’s stock valued at $7,088,000 after acquiring an additional 78,826 shares during the period. 99.76% of the stock is owned by institutional investors.

Thermon Group Trading Down 1.0 %

Thermon Group stock opened at $28.84 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. Thermon Group Holdings, Inc. has a 12-month low of $23.76 and a 12-month high of $35.93. The firm has a market capitalization of $976.81 million, a price-to-earnings ratio of 19.23 and a beta of 1.13. The firm has a 50 day moving average of $32.17 and a 200 day moving average of $30.92.

Insider Transactions at Thermon Group

In related news, SVP Mark John Roberts sold 2,910 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $33.35, for a total value of $97,048.50. Following the completion of the transaction, the senior vice president now owns 50,920 shares of the company’s stock, valued at approximately $1,698,182. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Mark John Roberts sold 2,910 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $33.35, for a total transaction of $97,048.50. Following the completion of the sale, the senior vice president now owns 50,920 shares in the company, valued at $1,698,182. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin J. Mcginty sold 5,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $32.84, for a total value of $164,200.00. Following the sale, the director now owns 38,109 shares of the company’s stock, valued at approximately $1,251,499.56. The disclosure for this sale can be found here. Insiders sold a total of 13,910 shares of company stock valued at $462,849 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on THR shares. StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. CJS Securities started coverage on Thermon Group in a report on Monday, April 29th. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Roth Mkm increased their target price on Thermon Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, May 30th.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.