Assenagon Asset Management S.A. Has $3.62 Million Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Assenagon Asset Management S.A. reduced its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 37.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,903 shares of the technology company’s stock after selling 76,486 shares during the quarter. Assenagon Asset Management S.A. owned 0.37% of Thermon Group worth $3,622,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of THR. Principal Financial Group Inc. acquired a new position in shares of Thermon Group in the third quarter valued at $481,000. Barclays PLC increased its holdings in Thermon Group by 312.1% in the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company’s stock valued at $1,616,000 after buying an additional 41,009 shares during the period. Wellington Management Group LLP raised its stake in shares of Thermon Group by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock valued at $39,526,000 after buying an additional 178,017 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Thermon Group by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company’s stock worth $8,183,000 after acquiring an additional 27,235 shares during the period. Finally, FMR LLC boosted its position in shares of Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after acquiring an additional 198,642 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the sale, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Thermon Group Stock Performance

NYSE:THR opened at $29.90 on Wednesday. The firm has a market capitalization of $1.01 billion, a PE ratio of 23.36 and a beta of 1.11. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. Thermon Group Holdings, Inc. has a 12-month low of $23.76 and a 12-month high of $35.93. The firm has a 50-day moving average price of $30.15 and a 200 day moving average price of $29.73.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. The firm had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. During the same period in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts anticipate that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

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 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.