Insider Buying: Team, Inc. (NYSE:TISI) Major Shareholder Purchases 5,640 Shares of Stock

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc purchased 5,640 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of $18.57 per share, with a total value of $104,734.80. Following the acquisition, the insider now directly owns 1,582,422 shares in the company, valued at $29,385,576.54. This represents a 0.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major 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 Thursday, June 12th, Corre Partners Management, Llc purchased 928 shares of Team stock. The stock was acquired at an average price of $19.28 per share, for a total transaction of $17,891.84.
• On Wednesday, June 11th, Corre Partners Management, Llc purchased 3,640 shares of Team stock. The stock was bought at an average price of $19.28 per share, for a total transaction of $70,179.20.
• On Tuesday, June 10th, Corre Partners Management, Llc acquired 306 shares of Team stock. The shares were bought at an average cost of $18.65 per share, for a total transaction of $5,706.90.
• On Friday, June 6th, Corre Partners Management, Llc acquired 5,572 shares of Team stock. The shares were bought 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 bought 1,910 shares of Team stock. The stock was 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 purchased 2,311 shares of Team stock. The stock was bought at an average cost 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 shares were purchased 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 bought 1,613 shares of Team stock. The shares were purchased at an average price of $17.91 per share, for a total transaction of $28,888.83.

Team Stock Performance

Shares of Team stock traded up $0.17 during trading on Thursday, reaching $19.65. The company's stock had a trading volume of 13,331 shares, compared to its average volume of 23,042. The company has a 50-day moving average price of $20.69 and a two-hundred day moving average price of $17.67. Team, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $26.77. The firm has a market cap of $88.29 million, a PE ratio of -1.60 and a beta of 1.77. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55.

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 (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The business had revenue of $198.66 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position 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 worth $25,000 after purchasing an additional 1,957 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Team in the fourth quarter valued at approximately $140,000. Northern Trust Corp boosted its stake in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock valued at $456,000 after buying an additional 12,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in Team by 4.8% during the fourth 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 period. Finally, 22NW LP purchased a new position in Team in the first quarter worth $589,000. Institutional investors and hedge funds own 46.57% of the company's stock.

Analyst Ratings Changes

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