Greg L. Boane Acquires 2,015 Shares of Team, Inc. (TISI) Stock

Team, Inc. (NYSE:TISI) insider Greg L. Boane purchased 2,015 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were acquired at an average price of $14.83 per share, for a total transaction of $29,882.45. Following the completion of the purchase, the insider now directly owns 11,572 shares in the company, valued at approximately $171,612.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Team, Inc. (NYSE TISI) traded up $0.50 during trading on Friday, reaching $15.40. 1,572,600 shares of the company were exchanged, compared to its average volume of 536,138. The company has a quick ratio of 2.32, a current ratio of 2.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $445.72, a price-to-earnings ratio of -4.41 and a beta of 1.48. Team, Inc. has a twelve month low of $10.45 and a twelve month high of $30.20.

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Team (NYSE:TISI) last posted its earnings results on Tuesday, March 13th. The business services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.42. The business had revenue of $316.33 million for the quarter, compared to analyst estimates of $307.70 million. Team had a negative net margin of 8.68% and a negative return on equity of 2.52%. research analysts anticipate that Team, Inc. will post 0.24 earnings per share for the current year.

TISI has been the topic of a number of recent research reports. Stephens upgraded shares of Team from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 22nd. KeyCorp upped their target price on shares of Team to $19.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Johnson Rice raised shares of Team from a “hold” rating to an “accumulate” rating and set a $24.00 target price on the stock in a report on Tuesday, January 23rd. ValuEngine lowered shares of Team from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, TheStreet raised shares of Team from a “d” rating to a “c-” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $20.67.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Team by 5.0% during the 4th quarter. BlackRock Inc. now owns 3,843,180 shares of the business services provider’s stock worth $57,261,000 after acquiring an additional 183,399 shares during the period. Ariel Investments LLC increased its holdings in Team by 4.7% during the 4th quarter. Ariel Investments LLC now owns 2,323,566 shares of the business services provider’s stock worth $34,621,000 after acquiring an additional 104,364 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Team by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,961,390 shares of the business services provider’s stock worth $26,185,000 after buying an additional 61,400 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Team by 8.8% in the 3rd quarter. Royce & Associates LP now owns 962,820 shares of the business services provider’s stock worth $12,854,000 after buying an additional 77,949 shares during the last quarter. Finally, Engine Capital Management LLC increased its holdings in shares of Team by 78.2% in the 4th quarter. Engine Capital Management LLC now owns 765,675 shares of the business services provider’s stock worth $11,409,000 after buying an additional 335,930 shares during the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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Team Company Profile

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

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