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 purchased 5,572 shares of the stock in a transaction on Friday, June 6th. The shares were purchased at an average price of $19.05 per share, with a total value of $106,146.60. Following the acquisition, the insider now owns 1,576,782 shares in the company, valued at approximately $30,037,697.10. The trade was a 0.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 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, for a total transaction of $104,734.80.
• On Thursday, June 5th, Corre Partners Management, Llc purchased 1,910 shares of Team stock. The stock was acquired at an average cost of $19.23 per share, for a total transaction of $36,729.30.
• On Wednesday, June 4th, Corre Partners Management, Llc purchased 2,311 shares of Team stock. The shares were purchased at an average price 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 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 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 Price Performance

Shares of Team stock traded down $0.43 during trading on Monday, hitting $18.24. 11,905 shares of the stock traded hands, compared to its average volume of 22,997. 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, Inc. has a 52 week low of $7.56 and a 52 week high of $26.77. The firm's fifty day moving average is $20.66 and its 200-day moving average is $17.63. The stock has a market cap of $81.95 million, a price-to-earnings ratio of -1.48 and a beta of 1.77.

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

Hedge Funds Weigh In On Team

A number of institutional investors have recently added to or reduced their stakes in TISI. 22NW LP purchased a new stake in Team during the 1st quarter valued at $589,000. Barclays PLC boosted its stake in shares of 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. Northern Trust Corp raised its position in shares of Team by 52.6% during the fourth 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 last quarter. Manatuck Hill Partners LLC lifted its stake 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 purchasing an additional 11,625 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Team during the 4th quarter valued at approximately $140,000. Institutional investors own 46.57% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.