Jump Financial LLC Purchases Shares of 8,460 Thermon Group Holdings, Inc. (NYSE:THR)

Jump Financial LLC purchased a new stake in Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,460 shares of the technology company’s stock, valued at approximately $276,000.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in shares of Thermon Group by 99.0% during the 3rd quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock worth $50,587,000 after acquiring an additional 916,248 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Thermon Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,341,344 shares of the technology company’s stock worth $91,787,000 after acquiring an additional 24,272 shares in the last quarter. Meros Investment Management LP acquired a new stake in shares of Thermon Group during the 3rd quarter worth about $2,335,000. Federated Hermes Inc. raised its position in shares of Thermon Group by 44.0% during the 3rd quarter. Federated Hermes Inc. now owns 258,039 shares of the technology company’s stock worth $7,088,000 after acquiring an additional 78,826 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Thermon Group by 44.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,724,846 shares of the technology company’s stock worth $47,382,000 after acquiring an additional 533,474 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on THR. CJS Securities began coverage on Thermon Group in a research report on Monday, April 29th. They set an “outperform” rating and a $42.00 price target on the stock. Roth Mkm began coverage on Thermon Group in a research report on Wednesday, March 6th. They set a “buy” rating and a $36.00 price target on the stock. Finally, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th.

Thermon Group Trading Up 2.8 %

Shares of THR stock opened at $35.68 on Monday. The business’s 50 day moving average is $32.44 and its two-hundred day moving average is $30.94. Thermon Group Holdings, Inc. has a twelve month low of $21.20 and a twelve month high of $35.93. The company has a market capitalization of $1.20 billion, a P/E ratio of 24.78 and a beta of 1.17. The company has a current ratio of 2.22, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35.

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.