Hillsdale Investment Management Inc. Trims Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Hillsdale Investment Management Inc. reduced its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,620 shares of the technology company's stock after selling 36,430 shares during the quarter. Hillsdale Investment Management Inc. owned 0.52% of Thermon Group worth $5,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of THR. AJOVista LLC acquired a new position in Thermon Group during the 4th quarter worth approximately $85,000. QRG Capital Management Inc. purchased a new position in Thermon Group in the fourth quarter worth $238,000. Premier Fund Managers Ltd acquired a new stake in Thermon Group in the third quarter valued at $254,000. Jump Financial LLC purchased a new stake in shares of Thermon Group during the 4th quarter worth $276,000. Finally, Seizert Capital Partners LLC purchased a new position in shares of Thermon Group in the 4th quarter valued at about $287,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Price Performance

THR traded up $0.44 during midday trading on Friday, reaching $34.99. 138,605 shares of the company's stock were exchanged, compared to its average volume of 157,188. Thermon Group Holdings, Inc. has a 1-year low of $21.11 and a 1-year high of $35.34. The stock has a market capitalization of $1.18 billion, a PE ratio of 24.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.22 and a quick ratio of 1.53. The business's 50-day moving average price is $31.83 and its 200 day moving average price is $30.77.

Wall Street Analysts Forecast Growth

THR has been the topic of a number of research analyst reports. CJS Securities began coverage on shares of Thermon Group in a report on Monday, April 29th. They set an "outperform" rating and a $42.00 price objective on the stock. StockNews.com raised Thermon Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 4th. Finally, Roth Mkm initiated coverage on Thermon Group in a research report on Wednesday, March 6th. They set a "buy" rating and a $36.00 target price on the stock.

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.

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