Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Purchases 1,910 Shares of Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc acquired 1,910 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $19.23 per share, for a total transaction of $36,729.30. Following the completion of the acquisition, the insider now directly owns 1,571,210 shares of the company’s stock, valued at approximately $30,214,368.30. This represents a 0.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 9th, Corre Partners Management, Llc acquired 5,640 shares of Team stock. The shares were bought at an average cost of $18.57 per share, with a total value of $104,734.80.
• On Friday, June 6th, Corre Partners Management, Llc bought 5,572 shares of Team stock. The shares were purchased at an average price of $19.05 per share, with a total value of $106,146.60.
• On Wednesday, June 4th, Corre Partners Management, Llc acquired 2,311 shares of Team stock. The shares were purchased at an average cost of $19.02 per share, for a total transaction of $43,955.22.
• On Tuesday, June 3rd, Corre Partners Management, Llc bought 5,856 shares of Team stock. The stock was purchased at an average price of $19.07 per share, with a total value of $111,673.92.
• On Monday, June 2nd, Corre Partners Management, Llc acquired 1,613 shares of Team stock. The stock was acquired at an average price of $17.91 per share, with a total value of $28,888.83.

Team Trading Down 2.3%

NYSE:TISI traded down $0.43 during trading hours on Monday, hitting $18.24. 11,905 shares of the stock were exchanged, compared to its average volume of 22,997. The company has a market capitalization of $81.95 million, a P/E ratio of -1.48 and a beta of 1.77. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The company’s 50 day moving average is $20.66 and its two-hundred day moving average is $17.63. Team, Inc. has a twelve month low of $7.56 and a twelve month high of $26.77.

Team (NYSE:TISI) last released its 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.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Team

Several institutional investors and hedge funds have recently made changes to their positions in TISI. JPMorgan Chase & Co. grew its stake in shares of Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,957 shares during the period. Dimensional Fund Advisors LP bought a new position in Team during the fourth quarter worth about $140,000. 22NW LP bought a new position in Team during the first quarter worth about $589,000. Northern Trust Corp grew its position in shares of Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after buying an additional 12,400 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after buying an additional 2,033 shares during the period. Institutional investors own 46.57% of the company’s stock.

Team Company Profile

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.