Cornercap Investment Counsel Inc. Invests $220,000 in Thermon Group Holdings, Inc. (NYSE:THR)

Cornercap Investment Counsel Inc. bought a new stake in Thermon Group Holdings, Inc. (NYSE:THR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,660 shares of the technology company’s stock, valued at approximately $220,000.

Several other large investors also recently bought and sold shares of THR. Assetmark Inc. bought a new position in shares of Thermon Group in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC bought a new stake in shares of Thermon Group in the 4th quarter valued at approximately $47,000. AlphaQuest LLC boosted its stake in Thermon Group by 57,825.0% during the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock worth $67,000 after buying an additional 2,313 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock worth $111,000 after purchasing an additional 3,785 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Thermon Group in the 4th quarter worth about $172,000. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Thermon Group Stock Performance

Thermon Group stock opened at $28.42 on Friday. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93. The company has a market capitalization of $957.44 million, a PE ratio of 20.90 and a beta of 0.98. The company has a 50 day moving average price of $29.00 and a 200-day moving average price of $29.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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, equities analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Thermon Group 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.