Wedge Capital Management L L P NC Purchases 7,629 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Wedge Capital Management L L P NC increased its position in Thermon Group Holdings, Inc. (NYSE:THR) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,353 shares of the technology company’s stock after purchasing an additional 7,629 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Thermon Group were worth $1,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of THR. Quarry LP grew its stake in Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company’s stock worth $25,000 after purchasing an additional 647 shares in the last quarter. Assetmark Inc. bought a new stake in Thermon Group during the 4th quarter valued at $26,000. GAMMA Investing LLC boosted its position in Thermon Group by 3,912.0% during the 1st quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $28,000 after acquiring an additional 978 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Thermon Group during the 4th quarter valued at $47,000. Finally, AlphaQuest LLC boosted its position in Thermon Group by 57,825.0% during the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock valued at $67,000 after acquiring an additional 2,313 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Down 0.2%

Shares of NYSE THR opened at $27.79 on Wednesday. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $919.58 million, a PE ratio of 20.43 and a beta of 1.04. The stock’s fifty day simple moving average is $26.77 and its two-hundred day simple moving average is $28.49. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $34.36.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $134.08 million for the quarter, compared to analysts’ expectations of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th.

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.