Team, Inc. (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Purchases 1,613 Shares

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc acquired 1,613 shares of the stock in a transaction on Monday, June 2nd. The shares were purchased at an average price of $17.91 per share, for a total transaction of $28,888.83. Following the completion of the transaction, the insider now owns 1,561,133 shares in the company, valued at approximately $27,959,892.03. This represents a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Major 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 Wednesday, June 4th, Corre Partners Management, Llc bought 2,311 shares of Team stock. The stock was acquired 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 bought 5,856 shares of Team stock. The stock was acquired at an average cost of $19.07 per share, with a total value of $111,673.92.

Team Trading Up 1.5%

NYSE:TISI opened at $19.38 on Thursday. The stock has a market cap of $87.07 million, a PE ratio of -1.58 and a beta of 1.77. Team, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $26.77. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The stock’s 50-day moving average is $20.57 and its two-hundred day moving average is $17.56.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) EPS for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The company had revenue of $198.66 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Team from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd.

Institutional Investors Weigh In On Team

A number of institutional investors have recently modified their holdings of TISI. 22NW LP acquired a new position in shares of Team in the first quarter worth $589,000. AMH Equity Ltd grew its stake in Team by 4.1% in the first quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock valued at $784,000 after purchasing an additional 1,807 shares in the last quarter. Manatuck Hill Partners LLC increased its position in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after purchasing an additional 11,625 shares during the last quarter. Northern Trust Corp increased its position in 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 purchasing an additional 12,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Team during the 4th quarter worth about $140,000. Institutional investors and hedge funds own 46.57% of the company’s 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.