Team, Inc. (NYSE:TISI) Major Shareholder Acquires $42,854.00 in Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc purchased 6,122 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $7.00 per share, for a total transaction of $42,854.00. Following the completion of the transaction, the insider now directly owns 1,548,489 shares in the company, valued at approximately $10,839,423. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, March 28th, Corre Partners Management, Llc bought 12,857 shares of Team stock. The shares were acquired at an average cost of $7.10 per share, for a total transaction of $91,284.70.
• On Monday, March 25th, Corre Partners Management, Llc purchased 4,580 shares of Team stock. The shares were purchased at an average price of $6.90 per share, for a total transaction of $31,602.00.
• On Thursday, March 21st, Corre Partners Management, Llc purchased 5,250 shares of Team stock. The shares were purchased at an average price of $6.26 per share, for a total transaction of $32,865.00.
• On Tuesday, March 19th, Corre Partners Management, Llc purchased 20,342 shares of Team stock. The shares were purchased at an average price of $5.71 per share, for a total transaction of $116,152.82.

Team Stock Performance

Shares of NYSE TISI opened at $7.76 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.74 and a debt-to-equity ratio of 11.41. The stock has a market capitalization of $34.30 million, a price-to-earnings ratio of -0.50 and a beta of 1.79. The stock’s fifty day simple moving average is $7.11 and its 200 day simple moving average is $6.77. Team, Inc. has a 52-week low of $4.60 and a 52-week high of $11.25.

Team (NYSE:TISI) last issued its earnings results on Thursday, March 7th. The business services provider reported ($3.18) earnings per share (EPS) for the quarter. The company had revenue of $214.13 million during the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Team stock. Barclays PLC increased its holdings in shares of Team, Inc. (NYSE:TISI) by 16.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,000 shares of the business services provider’s stock after buying an additional 30,591 shares during the quarter. Barclays PLC owned 4.92% of Team worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission. 46.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Team in a report on Wednesday. They issued a “buy” rating on the stock.

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.