GSA Capital Partners LLP Makes New $771,000 Investment in Thermon Group Holdings, Inc. (NYSE:THR)

GSA Capital Partners LLP acquired a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,690 shares of the technology company’s stock, valued at approximately $771,000. GSA Capital Partners LLP owned approximately 0.08% of Thermon Group as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Quarry LP lifted its stake in Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company’s stock valued at $25,000 after acquiring an additional 647 shares during the last quarter. CWM LLC raised its holdings in shares of Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company’s stock valued at $26,000 after purchasing an additional 376 shares during the period. GAMMA Investing LLC lifted its stake in Thermon Group by 3,912.0% in the 1st quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $28,000 after purchasing an additional 978 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Thermon Group in the 4th quarter valued at about $175,000. Finally, Point72 Asset Management L.P. bought a new position in Thermon Group during the fourth quarter worth about $192,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Down 3.3%

THR opened at $27.34 on Friday. The stock’s fifty day simple moving average is $27.66 and its 200 day simple moving average is $27.92. Thermon Group Holdings, Inc. has a 1-year low of $23.05 and a 1-year high of $33.25. The stock has a market cap of $908.86 million, a PE ratio of 17.41 and a beta of 1.05. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.24.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, research analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.