Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Purchases 5,640 Shares of Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc bought 5,640 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were bought at an average price of $18.57 per share, with a total value of $104,734.80. Following the completion of the purchase, the insider now owns 1,582,422 shares in the company, valued at approximately $29,385,576.54. The trade was a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 6th, Corre Partners Management, Llc acquired 5,572 shares of Team stock. The stock was bought at an average price of $19.05 per share, with a total value of $106,146.60.
• On Thursday, June 5th, Corre Partners Management, Llc acquired 1,910 shares of Team stock. The stock was bought at an average price of $19.23 per share, with a total value of $36,729.30.
• On Wednesday, June 4th, Corre Partners Management, Llc acquired 2,311 shares of Team stock. The stock was bought at an average price of $19.02 per share, with a total value of $43,955.22.
• On Tuesday, June 3rd, Corre Partners Management, Llc acquired 5,856 shares of Team stock. The stock was bought 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 bought at an average price of $17.91 per share, with a total value of $28,888.83.

Team Trading Up 4.5%

NYSE:TISI opened at $19.22 on Wednesday. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The firm has a market capitalization of $86.33 million, a price-to-earnings ratio of -1.56 and a beta of 1.77. Team, Inc. has a one year low of $7.56 and a one year high of $26.77. The business has a fifty day moving average price of $20.67 and a 200-day moving average price of $17.64.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new position in Team in the 4th quarter worth $140,000. Barclays PLC boosted its holdings in Team by 7.3% in the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after buying an additional 18,733 shares during the period. Geode Capital Management LLC boosted its holdings in Team by 4.8% in 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. Manatuck Hill Partners LLC boosted its holdings in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after buying an additional 11,625 shares during the period. Finally, Northern Trust Corp boosted its holdings in Team by 52.6% in 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. Institutional investors own 46.57% of the company’s stock.

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.