Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Buys 2,311 Shares of Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc bought 2,311 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was acquired at an average cost of $19.02 per share, for a total transaction of $43,955.22. Following the purchase, the insider now owns 1,569,300 shares in the company, valued at approximately $29,848,086. This trade represents a 0.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Tuesday, June 3rd, Corre Partners Management, Llc purchased 5,856 shares of Team stock. The stock was bought 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 bought at an average cost of $17.91 per share, for a total transaction of $28,888.83.

Team Stock Up 1.5%

Shares of TISI stock traded up $0.29 on Wednesday, hitting $19.38. The stock had a trading volume of 8,913 shares, compared to its average volume of 22,712. Team, Inc. has a 52-week low of $7.56 and a 52-week high of $26.77. The firm has a market capitalization of $87.07 million, a price-to-earnings ratio of -1.58 and a beta of 1.78. 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 stock's 50 day moving average is $20.57 and its 200-day moving average is $17.56.

Team (NYSE:TISI - Get Free Report) last announced its earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share 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%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AMH Equity Ltd lifted its stake in 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 last quarter. JPMorgan Chase & Co. boosted its stake in Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after purchasing an additional 1,957 shares during the period. Geode Capital Management LLC grew its position in Team by 4.8% in the 4th 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. Dimensional Fund Advisors LP acquired a new stake in shares of Team in the fourth quarter valued at approximately $140,000. Finally, Manatuck Hill Partners LLC raised its holdings in shares of 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 during the last quarter. 46.57% of the stock is currently owned by institutional investors.

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.

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