Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Purchases $111,673.92 in Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc bought 5,856 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average price of $19.07 per share, with a total value of $111,673.92. Following the completion of the transaction, the insider now directly owns 1,566,989 shares of the company’s stock, valued at $29,882,480.23. This represents a 0.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Wednesday, June 4th, Corre Partners Management, Llc acquired 2,311 shares of Team stock. The stock was purchased at an average price of $19.02 per share, with a total value of $43,955.22.
• On Monday, June 2nd, Corre Partners Management, Llc acquired 1,613 shares of Team stock. The stock was purchased at an average price of $17.91 per share, with a total value of $28,888.83.

Team Price Performance

Shares of Team stock opened at $19.05 on Friday. Team, Inc. has a 52-week low of $7.56 and a 52-week high of $26.77. The stock has a market capitalization of $85.59 million, a price-to-earnings ratio of -1.55 and a beta of 1.77. The company has a fifty day moving average of $20.65 and a 200-day moving average of $17.61. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The business had revenue of $198.66 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Team from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On Team

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares during the period. JPMorgan Chase & Co. boosted its position in Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after buying an additional 1,957 shares during the period. Geode Capital Management LLC boosted its position in Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Team during the 4th quarter valued at $140,000. Finally, Northern Trust Corp boosted its position in Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after buying an additional 12,400 shares during the period. 46.57% of the stock is currently owned by hedge funds and other institutional investors.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.