Insider Selling: Team, Inc. (NYSE:TISI) Director Sells 1,650 Shares of Stock

Team, Inc. (NYSE:TISI - Get Free Report) Director Evan S. Lederman sold 1,650 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $18.04, for a total value of $29,766.00. Following the transaction, the director now owns 5,878 shares in the company, valued at approximately $106,039.12. This represents a 21.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Team Stock Down 1.7%

Shares of NYSE:TISI traded down $0.33 during trading on Thursday, hitting $19.05. The company's stock had a trading volume of 49,812 shares, compared to its average volume of 22,906. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $26.77. The stock's 50-day moving average price is $20.57 and its two-hundred day moving average price is $17.56. The company has a market capitalization of $85.59 million, a PE ratio of -1.55 and a beta of 1.77.

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

Institutional Trading of Team

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC raised its stake in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider's stock valued at $4,189,000 after buying an additional 18,733 shares in the last quarter. Manatuck Hill Partners LLC raised 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 buying an additional 11,625 shares in the last quarter. AMH Equity Ltd raised its stake in Team by 4.1% during the first quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider's stock valued at $784,000 after buying an additional 1,807 shares in the last quarter. Geode Capital Management LLC raised its stake 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 buying an additional 2,033 shares in the last quarter. Finally, Northern Trust Corp raised 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 valued at $456,000 after buying an additional 12,400 shares in the last quarter. Institutional investors and hedge funds 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.

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.