Team, Inc. (NYSE:TISI) Major Shareholder Purchases $104,734.80 in Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc bought 5,640 shares of Team stock in a transaction on Monday, June 9th. The stock was acquired at an average price of $18.57 per share, with a total value of $104,734.80. Following the completion of the purchase, the insider now directly owns 1,582,422 shares of the company's stock, valued at approximately $29,385,576.54. The trade was a 0.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% 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 Friday, June 6th, Corre Partners Management, Llc bought 5,572 shares of Team stock. The shares were bought 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 acquired 1,910 shares of Team stock. The shares were bought at an average cost of $19.23 per share, for a total transaction of $36,729.30.
• On Wednesday, June 4th, Corre Partners Management, Llc acquired 2,311 shares of Team stock. The stock was bought 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 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 purchased 1,613 shares of Team stock. The stock was acquired at an average price of $17.91 per share, with a total value of $28,888.83.

Team Stock Performance

Shares of NYSE TISI traded down $0.43 during trading hours on Monday, reaching $18.24. 11,905 shares of the stock were exchanged, compared to its average volume of 22,997. Team, Inc. has a 52 week low of $7.56 and a 52 week 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 stock's fifty day simple moving average is $20.66 and its 200 day simple moving average is $17.63. The firm has a market capitalization of $81.95 million, a price-to-earnings ratio of -1.48 and a beta of 1.77.

Team (NYSE:TISI - Get Free Report) last issued 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 return on equity of 152.34% and a negative net margin of 6.35%. The firm had revenue of $198.66 million for the quarter.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after buying an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Team during the fourth quarter valued at $140,000. Northern Trust Corp increased its holdings 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 worth $456,000 after buying an additional 12,400 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 2,033 shares in the last quarter. Finally, 22NW LP purchased a new position in shares of Team in the first quarter worth about $589,000. 46.57% of the stock is 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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