Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Acquires 1,613 Shares of Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc acquired 1,613 shares of the stock in a transaction on Monday, June 2nd. The stock was bought at an average price of $17.91 per share, with a total value of $28,888.83. Following the transaction, the insider now directly owns 1,561,133 shares in the company, valued at approximately $27,959,892.03. This represents a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Wednesday, June 4th, Corre Partners Management, Llc acquired 2,311 shares of Team stock. The stock was bought 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 acquired at an average price of $19.07 per share, with a total value of $111,673.92.

Team Trading Up 1.5%

Shares of NYSE:TISI traded up $0.29 during trading on Wednesday, hitting $19.38. 8,913 shares of the company's stock were exchanged, compared to its average volume of 22,712. The firm has a market cap of $87.07 million, a P/E ratio of -1.58 and a beta of 1.78. The firm has a 50-day moving average price of $20.57 and a two-hundred day moving average price of $17.56. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. Team, Inc. has a 1-year low of $7.56 and a 1-year high of $26.77.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TISI. AMH Equity Ltd boosted its holdings in shares of Team by 4.1% in 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 during the period. JPMorgan Chase & Co. boosted its holdings in shares of Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after buying an additional 1,957 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Team by 4.8% in 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 during the period. Dimensional Fund Advisors LP acquired a new position in shares of Team in the fourth quarter valued at approximately $140,000. Finally, Manatuck Hill Partners LLC boosted its holdings 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 worth $787,000 after purchasing an additional 11,625 shares during the last quarter. Institutional investors and hedge funds own 46.57% of the company's stock.

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.

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