Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Purchases 928 Shares of Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc purchased 928 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $19.28 per share, with a total value of $17,891.84. Following the purchase, the insider now owns 1,587,296 shares of the company's stock, valued at approximately $30,603,066.88. This trade represents a 0.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% 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 Wednesday, June 11th, Corre Partners Management, Llc bought 3,640 shares of Team stock. The stock was 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 bought 306 shares of Team stock. The shares were purchased 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 purchased 5,640 shares of Team stock. The stock was purchased at an average price of $18.57 per share, for a total transaction of $104,734.80.
• On Friday, June 6th, Corre Partners Management, Llc acquired 5,572 shares of Team stock. The stock was purchased at an average cost of $19.05 per share, for a total transaction of $106,146.60.
• On Thursday, June 5th, Corre Partners Management, Llc bought 1,910 shares of Team stock. The shares were purchased at an average cost of $19.23 per share, with a total value of $36,729.30.
• 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, for a total transaction of $43,955.22.
• On Tuesday, June 3rd, Corre Partners Management, Llc purchased 5,856 shares of Team stock. The shares were acquired 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 acquired at an average cost of $17.91 per share, for a total transaction of $28,888.83.

Team Trading Up 0.1%

Shares of Team stock traded up $0.02 on Friday, reaching $19.78. 17,527 shares of the company's stock were exchanged, compared to its average volume of 23,104. The company has a market capitalization of $88.85 million, a P/E ratio of -1.61 and a beta of 1.77. Team, Inc. has a 52 week low of $7.56 and a 52 week high of $26.77. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. The firm's 50-day moving average is $20.72 and its two-hundred day moving average is $17.70.

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

Hedge Funds Weigh In On Team

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in Team by 11,511.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after acquiring an additional 1,957 shares in the last quarter. Geode Capital Management LLC grew its holdings in Team by 4.8% during the fourth 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 period. Dimensional Fund Advisors LP purchased a new stake in Team in the 4th quarter worth about $140,000. Northern Trust Corp increased 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 worth $456,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Manatuck Hill Partners LLC grew 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 valued at $787,000 after buying an additional 11,625 shares in the last quarter. Institutional investors own 46.57% of the company's stock.

Analyst Upgrades and Downgrades

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

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.