Clifford Capital Partners LLC reduced its position in Thermon Group Holdings, Inc. (NYSE:THR – Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,056 shares of the technology company’s stock after selling 2,540 shares during the quarter. Clifford Capital Partners LLC owned approximately 0.06% of Thermon Group worth $617,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. grew its position in Thermon Group by 9.8% during the 2nd quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock worth $210,000 after acquiring an additional 608 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Thermon Group by 9.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company’s stock worth $216,000 after buying an additional 613 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Thermon Group by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 17,000 shares of the technology company’s stock worth $523,000 after purchasing an additional 682 shares during the period. Lazard Asset Management LLC lifted its stake in Thermon Group by 8.3% in the first quarter. Lazard Asset Management LLC now owns 10,093 shares of the technology company’s stock valued at $330,000 after buying an additional 774 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Thermon Group by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,403 shares of the technology company’s stock valued at $289,000 after acquiring an additional 804 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Thermon Group Stock Performance
Shares of NYSE:THR opened at $29.51 on Wednesday. Thermon Group Holdings, Inc. has a 12-month low of $23.76 and a 12-month high of $35.93. The company’s 50 day moving average price is $29.93 and its two-hundred day moving average price is $31.12. The firm has a market cap of $997.44 million, a PE ratio of 19.67 and a beta of 1.06. The company has a quick ratio of 1.73, a current ratio of 2.61 and a debt-to-equity ratio of 0.31.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th.
Thermon Group Profile
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 offers 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.
Featured Stories
- Five stocks we like better than Thermon Group
- Do ETFs Pay Dividends? What You Need to Know
- Analysts See 180% Upside for Rent the Runway: Should You Buy?
- How to Use the MarketBeat Dividend Calculator
- Ready for Growth? Barrick Gold Stock Could Be the Answer
- What is the Hang Seng index?
- Trade Like a Member of Congress With These 2 ETFs
Want to see what other hedge funds are holding THR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thermon Group Holdings, Inc. (NYSE:THR – Free Report).
Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.