EntryPoint Capital LLC Invests $554,000 in Thermon Group Holdings, Inc. (NYSE:THR)

EntryPoint Capital LLC bought a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,254 shares of the technology company’s stock, valued at approximately $554,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Thermon Group in the third quarter valued at $481,000. Barclays PLC boosted its stake in Thermon Group by 312.1% in the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company’s stock worth $1,616,000 after buying an additional 41,009 shares during the last quarter. Wellington Management Group LLP grew its holdings in Thermon Group by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock valued at $39,526,000 after buying an additional 178,017 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Thermon Group by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company’s stock valued at $8,183,000 after acquiring an additional 27,235 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock worth $65,239,000 after acquiring an additional 198,642 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

THR stock opened at $30.49 on Tuesday. The stock has a 50-day moving average price of $28.98 and a two-hundred day moving average price of $29.20. The company has a market cap of $1.03 billion, a PE ratio of 22.42 and a beta of 0.98. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. As a group, research analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

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

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.