SG Americas Securities LLC Acquires 14,019 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

SG Americas Securities LLC increased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 221.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,346 shares of the technology company's stock after purchasing an additional 14,019 shares during the period. SG Americas Securities LLC owned 0.06% of Thermon Group worth $567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THR. Quarry LP raised its holdings in shares of Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after buying an additional 647 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Thermon Group in the fourth quarter worth $26,000. GAMMA Investing LLC raised its holdings in shares of Thermon Group by 3,912.0% in the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $28,000 after buying an additional 978 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Thermon Group in the fourth quarter worth $47,000. Finally, AlphaQuest LLC raised its holdings in shares of Thermon Group by 57,825.0% in the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock worth $67,000 after buying an additional 2,313 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Down 1.1%

THR opened at $26.97 on Monday. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.64 and a current ratio of 2.43. The company has a fifty day moving average of $27.21 and a two-hundred day moving average of $28.22. The stock has a market capitalization of $896.52 million, a price-to-earnings ratio of 17.18 and a beta of 1.04.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The company had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Thermon Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.