Yarbrough Capital LLC Purchases New Position in Thermon Group Holdings, Inc. (NYSE:THR)

Yarbrough Capital LLC purchased a new stake in Thermon Group Holdings, Inc. (NYSE:THR) during the second quarter, according to its most recent filing with the SEC. The firm purchased 17,192 shares of the technology company’s stock, valued at approximately $457,000. Yarbrough Capital LLC owned 0.05% of Thermon Group at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of THR. Blair William & Co. IL acquired a new position in shares of Thermon Group in the first quarter valued at approximately $1,954,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Thermon Group by 5.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,348 shares of the technology company’s stock worth $288,000 after buying an additional 773 shares in the last quarter. Albert D Mason Inc. acquired a new stake in Thermon Group in the 1st quarter valued at $212,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Thermon Group by 69.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,106 shares of the technology company’s stock valued at $800,000 after buying an additional 13,194 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its stake in Thermon Group by 101.9% in the 1st quarter. ExodusPoint Capital Management LP now owns 30,520 shares of the technology company’s stock valued at $761,000 after buying an additional 15,405 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Thermon Group

In other Thermon Group news, CFO Kevin Fox acquired 990 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $25.92 per share, for a total transaction of $25,660.80. Following the acquisition, the chief financial officer now directly owns 39,150 shares in the company, valued at $1,014,768. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Kevin Fox bought 990 shares of the business’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $25.92 per share, with a total value of $25,660.80. Following the acquisition, the chief financial officer now owns 39,150 shares of the company’s stock, valued at $1,014,768. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director John T. Nesser III acquired 1,973 shares of Thermon Group stock in a transaction dated Wednesday, August 9th. The stock was purchased at an average cost of $26.38 per share, for a total transaction of $52,047.74. Following the completion of the purchase, the director now owns 61,000 shares in the company, valued at approximately $1,609,180. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.

Thermon Group Price Performance

Shares of NYSE THR traded up $0.02 during trading hours on Tuesday, hitting $27.53. 23,654 shares of the stock were exchanged, compared to its average volume of 176,552. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 2.32. The company has a market cap of $927.49 million, a PE ratio of 24.35 and a beta of 1.27. The company’s fifty day simple moving average is $26.85 and its two-hundred day simple moving average is $24.93. Thermon Group Holdings, Inc. has a 1-year low of $15.23 and a 1-year high of $28.92.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, August 3rd. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Thermon Group had a return on equity of 13.92% and a net margin of 8.42%. The firm had revenue of $106.89 million for the quarter, compared to analysts’ expectations of $101.17 million. On average, sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th.

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.