Team (NYSE:TISI) CFO Clinton William Roeder Buys 9,000 Shares

Team, Inc. (NYSE:TISIGet Free Report) CFO Clinton William Roeder purchased 9,000 shares of Team stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $22.89 per share, with a total value of $206,010.00. Following the acquisition, the chief financial officer owned 9,000 shares of the company’s stock, valued at approximately $206,010. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Team Stock Up 4.5%

TISI stock opened at $24.00 on Wednesday. Team, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $24.64. The firm’s 50-day simple moving average is $18.22 and its 200 day simple moving average is $16.64. The stock has a market cap of $109.92 million, a PE ratio of -2.55 and a beta of 1.04.

Team (NYSE:TISIGet Free Report) last posted its earnings results on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to analyst estimates of $208.88 million.

Institutional Trading of Team

A number of institutional investors have recently made changes to their positions in TISI. DRW Securities LLC acquired a new position in shares of Team during the fourth quarter valued at approximately $168,000. Dimensional Fund Advisors LP boosted its stake in Team by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 893 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Team by 5.1% during the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 834 shares in the last quarter. DG Capital Management LLC acquired a new position in shares of Team during the 4th quarter valued at $913,000. Finally, Manatuck Hill Partners LLC increased its position in shares of Team by 16.1% during the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 10,000 shares during the period. 46.57% of the stock is owned by institutional investors and hedge funds.

Key Team News

Here are the key news stories impacting Team this week:

  • Positive Sentiment: Chief Financial Officer Clinton William Roeder purchased 9,000 shares for approximately $206,000 at an average price of $22.89. Director Anthony R. Horton also bought 2,000 shares on August 21 for roughly $46,000 and another 2,000 shares on August 24 for approximately $45,800. The purchases increased their respective ownership stakes and may signal that senior leaders view the recent share-price strength and turnaround prospects favorably. Team insider purchase SEC filing
  • Positive Sentiment: Team’s most recently reported quarter exceeded expectations, with a smaller-than-expected loss and revenue of $228.68 million versus the $208.88 million analyst consensus. The results provide some fundamental support for the stock’s recent momentum, despite the company remaining unprofitable.
  • Neutral Sentiment: The stock is trading near its 52-week high and well above its 50-day and 200-day moving averages. This reflects strong recent momentum, but it also leaves the shares more sensitive to disappointment if the turnaround does not progress.
  • Negative Sentiment: During its latest earnings call, Team described a difficult quarter and outlined a turnaround plan. The discussion suggests that operational and financial problems remain unresolved, meaning investors may continue to focus on execution, cash flow and the company’s ability to return to profitability. Team Inc. Earnings Call Maps Painful Quarter, Turnaround Plan

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Team currently has an average rating of “Sell”.

Read Our Latest Research Report on TISI

Team Company Profile

(Get Free Report)

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.

Further Reading

Insider Buying and Selling by Quarter for Team (NYSE:TISI)

Receive News & Ratings for Team Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team and related companies with MarketBeat.com's FREE daily email newsletter.