RBF Capital LLC Sells 15,000 Shares of Thermon Group Holdings, Inc. $THR

RBF Capital LLC decreased its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,000 shares of the technology company’s stock after selling 15,000 shares during the period. RBF Capital LLC owned about 0.47% of Thermon Group worth $5,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in THR. GW&K Investment Management LLC lifted its stake in Thermon Group by 133.4% in the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after purchasing an additional 817,138 shares during the last quarter. UBS Group AG lifted its stake in Thermon Group by 287.4% in the 3rd quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock valued at $7,705,000 after purchasing an additional 213,935 shares during the last quarter. Citadel Advisors LLC bought a new position in Thermon Group in the 3rd quarter valued at approximately $4,381,000. Cubist Systematic Strategies LLC bought a new position in Thermon Group in the 2nd quarter valued at approximately $4,487,000. Finally, Nuveen LLC lifted its stake in Thermon Group by 224.0% in the 4th quarter. Nuveen LLC now owns 220,653 shares of the technology company’s stock valued at $8,199,000 after purchasing an additional 152,546 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Performance

THR opened at $61.14 on Wednesday. Thermon Group Holdings, Inc. has a twelve month low of $23.86 and a twelve month high of $71.87. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $60.58 and a 200-day moving average of $50.04. The stock has a market cap of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The firm had revenue of $148.33 million for the quarter, compared to analyst estimates of $137.85 million. During the same quarter last year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Thermon Group Holdings, Inc. will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen raised shares of Thermon Group to a “hold” rating in a research note on Saturday, May 30th. Finally, CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.00.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.