Susquehanna Fundamental Investments LLC Invests $419,000 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) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,557 shares of the technology company's stock, valued at approximately $419,000.

Several other large investors have also recently bought and sold shares of THR. Medina Value Partners LLC purchased a new position in shares of Thermon Group in the 4th quarter valued at about $17,747,000. Lightrock Netherlands B.V. purchased a new stake in shares of Thermon Group during the 4th quarter worth approximately $4,995,000. Kennedy Capital Management LLC boosted its holdings in shares of Thermon Group by 55.6% in the 4th quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company's stock valued at $9,599,000 after buying an additional 119,277 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Thermon Group by 16.7% in the fourth quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company's stock valued at $9,189,000 after acquiring an additional 45,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $50,574,000 after purchasing an additional 44,137 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

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

Thermon Group Price Performance

THR stock traded up $0.04 during midday trading on Tuesday, hitting $27.56. 128,595 shares of the stock were exchanged, compared to its average volume of 167,877. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The stock has a market cap of $928.33 million, a price-to-earnings ratio of 20.26 and a beta of 1.07. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $35.93. The stock's 50-day moving average price is $27.20 and its 200-day moving average price is $28.59.

Thermon Group (NYSE:THR - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS 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%. Research analysts predict 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.