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

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc acquired 1,910 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average price of $19.23 per share, for a total transaction of $36,729.30. Following the completion of the purchase, the insider now 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares 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 bought 928 shares of Team stock. The stock was bought at an average price of $19.28 per share, with a total value of $17,891.84.
• On Wednesday, June 11th, Corre Partners Management, Llc purchased 3,640 shares of Team stock. The shares were bought at an average price of $19.28 per share, for a total transaction of $70,179.20.
• On Tuesday, June 10th, Corre Partners Management, Llc purchased 306 shares of Team stock. The stock was bought at an average cost of $18.65 per share, with a total value of $5,706.90.
• On Monday, June 9th, Corre Partners Management, Llc acquired 5,640 shares of Team stock. The stock was bought at an average price 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 cost of $19.05 per share, for a total transaction of $106,146.60.
• On Wednesday, June 4th, Corre Partners Management, Llc bought 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 purchased 5,856 shares of Team stock. The shares were purchased 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 purchased at an average cost of $17.91 per share, for a total transaction of $28,888.83.

Team Price Performance

NYSE:TISI traded up $0.17 during trading hours on Thursday, reaching $19.65. 13,331 shares of the company's stock were exchanged, compared to its average volume of 23,042. The company has a market capitalization of $88.29 million, a P/E ratio of -1.60 and a beta of 1.77. Team, Inc. has a 12 month low of $7.56 and a 12 month high of $26.77. The business's 50-day simple moving average is $20.69 and its two-hundred day simple moving average is $17.67. 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 issued its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) EPS for the quarter. The firm had revenue of $198.66 million during the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%.

Wall Street Analyst Weigh In

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

Institutional Trading of Team

Several institutional investors have recently made changes to their positions in the stock. 22NW LP purchased a new position in Team in the first quarter valued at about $589,000. Barclays PLC boosted its stake in Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider's stock valued at $4,189,000 after purchasing an additional 18,733 shares during the period. Northern Trust Corp lifted its stake in shares of Team by 52.6% in 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 period. Manatuck Hill Partners LLC increased its stake in Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after acquiring an additional 11,625 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in Team during the fourth quarter valued at about $140,000. 46.57% of the stock is currently owned by institutional investors and hedge funds.

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.