Team, Inc. (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Purchases 2,311 Shares

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc acquired 2,311 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of $19.02 per share, for a total transaction of $43,955.22. Following the completion of the transaction, the insider now directly owns 1,569,300 shares of the company's stock, valued at $29,848,086. The trade was a 0.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 3rd, Corre Partners Management, Llc acquired 5,856 shares of Team stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $17.91 per share, for a total transaction of $28,888.83.

Team Price Performance

Shares of Team stock remained flat at $19.05 during trading on Friday. The company had a trading volume of 14,899 shares, compared to its average volume of 23,041. 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, Inc. has a 12 month low of $7.56 and a 12 month high of $26.77. The stock has a market cap of $85.59 million, a PE ratio of -1.55 and a beta of 1.77. The stock has a 50-day simple moving average of $20.65 and a 200-day simple moving average of $17.63.

Team (NYSE:TISI - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The business services provider reported ($3.31) EPS for the quarter. The business 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%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new position in Team in the fourth quarter worth about $140,000. Barclays PLC boosted its position in Team by 7.3% in 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 last quarter. Geode Capital Management LLC boosted its position in Team by 4.8% in 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 last quarter. Manatuck Hill Partners LLC boosted its position in Team by 23.0% in 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. Finally, Northern Trust Corp boosted its position in 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 during the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.