Susquehanna Fundamental Investments LLC Takes $419,000 Position in Thermon Group Holdings, Inc. (NYSE:THR)

Susquehanna Fundamental Investments LLC bought a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,557 shares of the technology company's stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Thermon Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock worth $97,338,000 after purchasing an additional 16,112 shares during the period. Dimensional Fund Advisors LP grew its stake in Thermon Group by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock valued at $50,574,000 after acquiring an additional 44,137 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Thermon Group by 0.8% during the 4th quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company's stock worth $24,674,000 after acquiring an additional 6,821 shares during the period. Swedbank AB lifted its stake in Thermon Group by 1.0% in the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company's stock worth $17,866,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Medina Value Partners LLC bought a new position in Thermon Group in the 4th quarter valued at $17,747,000. Institutional investors own 99.76% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Thermon Group Price Performance

NYSE:THR traded up $0.08 during mid-day trading on Friday, reaching $28.56. The stock had a trading volume of 26,576 shares, compared to its average volume of 166,955. The stock has a market capitalization of $962.19 million, a P/E ratio of 21.00 and a beta of 1.07. The firm has a 50 day moving average price of $27.16 and a two-hundred day moving average price of $28.58. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $35.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Thermon Group Company 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.