Team, Inc. (NYSE:TISI) Major Shareholder Acquires $70,179.20 in Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc bought 3,640 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $19.28 per share, for a total transaction of $70,179.20. Following the purchase, the insider now owns 1,586,368 shares of the company's stock, valued at approximately $30,585,175.04. The trade was a 0.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• On Thursday, June 12th, Corre Partners Management, Llc purchased 928 shares of Team stock. The stock was bought at an average price of $19.28 per share, for a total transaction of $17,891.84.
• On Tuesday, June 10th, Corre Partners Management, Llc acquired 306 shares of Team stock. The stock was bought at an average cost of $18.65 per share, with a total value of $5,706.90.
• On Monday, June 9th, Corre Partners Management, Llc purchased 5,640 shares of Team stock. The shares were bought at an average cost of $18.57 per share, with a total value of $104,734.80.
• On Friday, June 6th, Corre Partners Management, Llc acquired 5,572 shares of Team stock. The stock was purchased at an average cost of $19.05 per share, for a total transaction of $106,146.60.
• On Thursday, June 5th, Corre Partners Management, Llc bought 1,910 shares of Team stock. The stock was purchased at an average price of $19.23 per share, with a total value of $36,729.30.
• On Wednesday, June 4th, Corre Partners Management, Llc purchased 2,311 shares of Team stock. The stock was acquired 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 stock was acquired at an average cost 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 acquired at an average cost of $17.91 per share, with a total value of $28,888.83.

Team Stock Up 0.8%

TISI stock traded up $0.16 during trading on Friday, reaching $19.92. 15,026 shares of the company traded hands, compared to its average volume of 23,013. The business has a 50 day simple moving average of $20.69 and a 200 day simple moving average of $17.67. Team, Inc. has a 12 month low of $7.56 and a 12 month high of $26.77. 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 company has a market capitalization of $89.48 million, a price-to-earnings ratio of -1.62 and a beta of 1.77.

Team (NYSE:TISI - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) 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 Upgrades and Downgrades

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

Hedge Funds Weigh In On Team

A number of large investors have recently made changes to their positions in the business. Manatuck Hill Partners LLC grew its stake in Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock worth $787,000 after buying an additional 11,625 shares during the last quarter. AMH Equity Ltd increased its holdings in shares of 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 acquiring an additional 1,807 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Team by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after purchasing an additional 2,033 shares during the last quarter. Northern Trust Corp raised its position in shares of Team by 52.6% in the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock valued at $456,000 after purchasing an additional 12,400 shares during the last quarter. Finally, 22NW LP acquired a new stake in Team in the 1st quarter worth approximately $589,000. 46.57% of the stock is owned by institutional investors and hedge funds.

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.