19,254 Shares in Thermon Group Holdings, Inc. (NYSE:THR) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,254 shares of the technology company's stock, valued at approximately $554,000. EntryPoint Capital LLC owned approximately 0.06% of Thermon Group at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in Thermon Group by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock worth $595,000 after acquiring an additional 422 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Thermon Group by 1.8% during the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company's stock worth $874,000 after purchasing an additional 506 shares in the last quarter. Riverpoint Wealth Management Holdings LLC increased its position in shares of Thermon Group by 1.7% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company's stock worth $1,377,000 after purchasing an additional 805 shares in the last quarter. American Century Companies Inc. raised its stake in Thermon Group by 1.7% in the 4th quarter. American Century Companies Inc. now owns 49,926 shares of the technology company's stock valued at $1,436,000 after purchasing an additional 857 shares during the last quarter. Finally, Assetmark Inc. purchased a new position in Thermon Group in the 4th quarter valued at $26,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Thermon Group Trading Down 1.8 %

NYSE THR traded down $0.53 on Friday, reaching $28.42. 119,401 shares of the company were exchanged, compared to its average volume of 171,041. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93. The stock has a market capitalization of $957.44 million, a P/E ratio of 20.90 and a beta of 0.98. The business's fifty day moving average price is $29.00 and its 200 day moving average price is $29.24. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28.

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

Wall Street Analyst Weigh In

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

Thermon Group 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.