Corre Partners Management, Llc Acquires 5,572 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc bought 5,572 shares of the company's stock in a transaction on Friday, June 6th. The shares were acquired at an average price of $19.05 per share, with a total value of $106,146.60. Following the transaction, the insider now directly owns 1,576,782 shares of the company's stock, valued at approximately $30,037,697.10. This trade represents a 0.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Thursday, June 12th, Corre Partners Management, Llc purchased 928 shares of Team stock. The shares were purchased at an average cost of $19.28 per share, for a total transaction of $17,891.84.
• On Wednesday, June 11th, Corre Partners Management, Llc acquired 3,640 shares of Team stock. The stock was acquired at an average cost of $19.28 per share, with a total value of $70,179.20.
• On Tuesday, June 10th, Corre Partners Management, Llc purchased 306 shares of Team stock. The stock was purchased at an average price of $18.65 per share, for a total transaction of $5,706.90.
• On Monday, June 9th, Corre Partners Management, Llc bought 5,640 shares of Team stock. The shares were acquired at an average price of $18.57 per share, for a total transaction of $104,734.80.
• On Thursday, June 5th, Corre Partners Management, Llc purchased 1,910 shares of Team stock. The shares were bought at an average price of $19.23 per share, for a total transaction of $36,729.30.
• 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 Tuesday, June 3rd, Corre Partners Management, Llc bought 5,856 shares of Team stock. The stock was bought at an average price of $19.07 per share, for a total transaction of $111,673.92.
• On Monday, June 2nd, Corre Partners Management, Llc purchased 1,613 shares of Team stock. The shares were purchased at an average price of $17.91 per share, for a total transaction of $28,888.83.

Team Price Performance

Shares of Team stock traded up $0.17 on Thursday, reaching $19.65. The company's stock had a trading volume of 13,331 shares, compared to its average volume of 23,042. The stock has a 50-day moving average price of $20.69 and a 200-day moving average price of $17.67. Team, Inc. has a 52-week low of $7.56 and a 52-week high of $26.77. The company has a market capitalization of $88.29 million, a P/E ratio of -1.60 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.

Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share for the quarter. The business 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%.

Institutional Investors Weigh In On Team

A number of hedge funds have recently modified their holdings of TISI. Barclays PLC grew its position in Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider's stock worth $4,189,000 after acquiring an additional 18,733 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Team by 11,511.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock worth $25,000 after acquiring an additional 1,957 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $564,000 after purchasing an additional 2,033 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Team in the fourth quarter valued at approximately $140,000. Finally, Northern Trust Corp lifted its stake in Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock worth $456,000 after purchasing an additional 12,400 shares in the last quarter. Hedge funds and other institutional investors own 46.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.