Inspire Investing LLC acquired a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 26,887 shares of the technology company’s stock, valued at approximately $827,000.
Several other hedge funds have also recently modified their holdings of THR. Quest Partners LLC boosted its stake in Thermon Group by 2,375.0% during the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after buying an additional 1,045 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Thermon Group during the 2nd quarter valued at approximately $60,000. EntryPoint Capital LLC grew its holdings in shares of Thermon Group by 421.1% in the first quarter. EntryPoint Capital LLC now owns 6,331 shares of the technology company’s stock valued at $207,000 after purchasing an additional 5,116 shares in the last quarter. QRG Capital Management Inc. increased its position in Thermon Group by 9.8% in the second quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock worth $210,000 after purchasing an additional 608 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Thermon Group by 9.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company’s stock valued at $216,000 after purchasing an additional 613 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.
Thermon Group Stock Down 2.2 %
NYSE THR opened at $30.06 on Friday. Thermon Group Holdings, Inc. has a 52 week low of $23.76 and a 52 week high of $35.93. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.04 and a beta of 1.06. The company has a quick ratio of 1.73, a current ratio of 2.61 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $30.34 and a two-hundred day moving average of $31.01.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on THR. StockNews.com upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Roth Mkm boosted their price objective on Thermon Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th.
Get Our Latest Report on Thermon Group
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 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.
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