Lightrock Netherlands B.V. Invests $5 Million in Thermon Group Holdings, Inc. (NYSE:THR)

Lightrock Netherlands B.V. acquired a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 172,777 shares of the technology company’s stock, valued at approximately $4,995,000. Thermon Group accounts for approximately 1.8% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 27th biggest holding. Lightrock Netherlands B.V. owned 0.51% of Thermon Group as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in shares of Thermon Group in the third quarter worth $481,000. The Manufacturers Life Insurance Company grew its position in Thermon Group by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 17,000 shares of the technology company’s stock worth $523,000 after buying an additional 682 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Thermon Group by 8.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 18,715 shares of the technology company’s stock worth $558,000 after acquiring an additional 1,529 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Thermon Group by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after acquiring an additional 422 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Thermon Group by 131.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,232 shares of the technology company’s stock valued at $693,000 after acquiring an additional 13,199 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In related news, SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $32.15, for a total value of $904,604.55. Following the transaction, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Thermon Group Stock Performance

Thermon Group stock opened at $28.58 on Tuesday. The stock has a market cap of $962.89 million, a P/E ratio of 21.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93. The firm’s fifty day moving average price is $29.33 and its 200-day moving average price is $29.38.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.77% and a net margin of 9.48%. On average, equities research analysts expect that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

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.