Evan Lederman Buys 500 Shares of Team (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) Director Evan Lederman acquired 500 shares of the company’s stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $11,500.00. Following the completion of the purchase, the director directly owned 7,078 shares in the company, valued at $162,794. This trade represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Team Trading Down 0.9%

Shares of NYSE:TISI traded down $0.21 during midday trading on Wednesday, hitting $23.11. The stock had a trading volume of 1,851 shares, compared to its average volume of 9,674. Team, Inc. has a 1 year low of $12.34 and a 1 year high of $24.44. The stock has a 50 day moving average price of $17.62 and a two-hundred day moving average price of $16.34. The company has a market capitalization of $105.84 million, a PE ratio of -2.45 and a beta of 1.04.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to analysts’ expectations of $208.88 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Team presently has a consensus rating of “Sell”.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manatuck Hill Partners LLC grew its position in shares of Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 10,000 shares during the period. Vanguard Group Inc. raised its holdings in Team by 1.7% in the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after buying an additional 2,667 shares during the period. Dimensional Fund Advisors LP boosted its position in Team by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock worth $250,000 after purchasing an additional 1,204 shares during the period. Barclays PLC boosted its stake in shares of Team by 3.5% in the third quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock valued at $4,966,000 after purchasing an additional 10,014 shares during the period. Finally, Susquehanna International Group LLP increased its position in shares of Team by 5.1% during the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after acquiring an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.