Corre Partners Management, Llc Acquires 3,640 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc purchased 3,640 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $70,179.20. Following the transaction, the insider now owns 1,586,368 shares in the company, valued at $30,585,175.04. This represents a 0.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Thursday, June 12th, Corre Partners Management, Llc purchased 928 shares of Team stock. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $17,891.84.
• On Tuesday, June 10th, Corre Partners Management, Llc purchased 306 shares of Team stock. The stock was acquired at an average cost of $18.65 per share, for a total transaction of $5,706.90.
• On Monday, June 9th, Corre Partners Management, Llc acquired 5,640 shares of Team stock. The stock was purchased at an average price 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 price of $19.05 per share, with a total value of $106,146.60.
• On Thursday, June 5th, Corre Partners Management, Llc acquired 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 acquired 2,311 shares of Team stock. The stock was purchased 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 acquired 5,856 shares of Team stock. The stock was purchased 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 purchased 1,613 shares of Team stock. The shares were bought at an average price of $17.91 per share, with a total value of $28,888.83.

Team Stock Performance

Team stock traded up $0.02 during mid-day trading on Friday, reaching $19.78. The company's stock had a trading volume of 17,527 shares, compared to its average volume of 23,175. Team, Inc. has a 12-month low of $7.56 and a 12-month high of $26.77. The company has a market capitalization of $88.85 million, a P/E ratio of -1.61 and a beta of 1.77. 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 firm's fifty day moving average price is $20.72 and its two-hundred day moving average price is $17.72.

Team (NYSE:TISI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $198.66 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TISI. Manatuck Hill Partners LLC lifted its holdings in shares of 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 acquiring an additional 11,625 shares during the last quarter. AMH Equity Ltd lifted its holdings in shares of Team by 4.1% during the 1st quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider's stock worth $784,000 after acquiring an additional 1,807 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock worth $564,000 after acquiring an additional 2,033 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock worth $456,000 after acquiring an additional 12,400 shares during the last quarter. Finally, 22NW LP bought a new stake in shares of Team during the 1st quarter worth $589,000. 46.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.