Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Update

Thermon Group Holdings, Inc. (NYSE:THR) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 373,100 shares, a drop of 16.5% from the March 15th total of 446,700 shares. Based on an average trading volume of 202,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Thermon Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Medina Value Partners LLC bought a new position in Thermon Group in the 4th quarter valued at approximately $17,747,000. Lightrock Netherlands B.V. acquired a new position in shares of Thermon Group during the fourth quarter worth $4,995,000. Kennedy Capital Management LLC grew its stake in shares of Thermon Group by 55.6% in the fourth quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company’s stock worth $9,599,000 after purchasing an additional 119,277 shares during the last quarter. 272 Capital LP acquired a new stake in Thermon Group in the third quarter valued at $3,173,000. Finally, First Eagle Investment Management LLC raised its position in Thermon Group by 16.7% during the 4th quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company’s stock worth $9,189,000 after purchasing an additional 45,800 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

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

Thermon Group Price Performance

NYSE THR traded down $0.61 during trading on Monday, hitting $24.31. 15,135 shares of the company’s stock were exchanged, compared to its average volume of 190,520. The stock’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $28.78. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $35.93. 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 company has a market cap of $818.84 million, a PE ratio of 17.87 and a beta of 0.96.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Research analysts expect that Thermon Group will post 1.88 EPS for the current year.

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.