Team, Inc. (NYSE:TISI) Major Shareholder Buys $28,888.83 in Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc purchased 1,613 shares of the stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of $17.91 per share, for a total transaction of $28,888.83. Following the completion of the transaction, the insider now owns 1,561,133 shares of the company's stock, valued at $27,959,892.03. The trade was a 0.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 4th, Corre Partners Management, Llc purchased 2,311 shares of Team stock. The stock was acquired at an average cost 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 stock was acquired at an average cost of $19.07 per share, for a total transaction of $111,673.92.

Team Price Performance

Shares of NYSE TISI remained flat at $19.05 during mid-day trading on Friday. 14,899 shares of the company traded hands, compared to its average volume of 23,041. 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 price is $20.65 and its 200-day moving average price is $17.63. Team, Inc. has a twelve month low of $7.56 and a twelve month high of $26.77. The company has a market cap of $85.59 million, a price-to-earnings ratio of -1.55 and a beta of 1.77.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Team

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Team in the fourth quarter valued at about $140,000. Barclays PLC lifted 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 worth $4,189,000 after purchasing an additional 18,733 shares during the period. Geode Capital Management LLC lifted 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 worth $564,000 after purchasing an additional 2,033 shares during the period. Manatuck Hill Partners LLC lifted 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 worth $787,000 after purchasing an additional 11,625 shares during the period. Finally, Northern Trust Corp lifted 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 worth $456,000 after purchasing an additional 12,400 shares during the period. Institutional investors own 46.57% of the company's stock.

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.