Dark Forest Capital Management LP Buys 5,384 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Dark Forest Capital Management LP increased its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 71.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,936 shares of the technology company’s stock after purchasing an additional 5,384 shares during the quarter. Dark Forest Capital Management LP’s holdings in Thermon Group were worth $398,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Thermon Group by 16.6% during the 4th quarter. Principal Financial Group Inc. now owns 14,074 shares of the technology company’s stock valued at $458,000 after buying an additional 2,006 shares during the last quarter. Wells Fargo & Company MN boosted its position in Thermon Group by 595.9% during the fourth quarter. Wells Fargo & Company MN now owns 300,880 shares of the technology company’s stock worth $9,800,000 after purchasing an additional 257,646 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Thermon Group by 74.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 30,797 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 13,179 shares during the period. Premier Fund Managers Ltd increased its stake in shares of Thermon Group by 91.0% in the fourth quarter. Premier Fund Managers Ltd now owns 17,787 shares of the technology company’s stock worth $597,000 after purchasing an additional 8,473 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Thermon Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,363,315 shares of the technology company’s stock valued at $109,543,000 after purchasing an additional 21,971 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th.

Thermon Group Stock Performance

NYSE:THR opened at $29.85 on Friday. The business’s fifty day moving average is $29.99 and its 200 day moving average is $31.09. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 19.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $115.10 million for the quarter, compared to the consensus estimate of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. Research analysts predict that Thermon Group Holdings, Inc. will post 1.98 EPS for the current year.

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.