Medina Value Partners LLC Purchases Shares of 616,844 Thermon Group Holdings, Inc. (NYSE:THR)

Medina Value Partners LLC bought a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 616,844 shares of the technology company's stock, valued at approximately $17,747,000. Thermon Group makes up approximately 7.3% of Medina Value Partners LLC's investment portfolio, making the stock its 9th largest position. Medina Value Partners LLC owned about 1.83% of Thermon Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. bought a new stake in Thermon Group during the 4th quarter valued at $26,000. Venturi Wealth Management LLC purchased a new position in Thermon Group in the fourth quarter valued at about $47,000. AlphaQuest LLC raised its holdings in Thermon Group by 57,825.0% in the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock worth $67,000 after purchasing an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Thermon Group by 4,731.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock valued at $111,000 after buying an additional 3,785 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Thermon Group in the 4th quarter worth approximately $172,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

NYSE:THR traded up $1.08 during trading hours on Tuesday, hitting $25.16. 33,289 shares of the company were exchanged, compared to its average volume of 169,456. The company's 50 day moving average price is $27.86 and its 200-day moving average price is $28.75. The stock has a market capitalization of $847.57 million, a price-to-earnings ratio of 18.45 and a beta of 0.96. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71.

Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research 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 downgraded shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

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.