Insider Selling: Team (NYSE:TISI) Director Sells $14,800.00 in Stock

Team, Inc. (NYSE:TISI) Director Jeffery Gerald Davis sold 1,000 shares of Team stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $14.80, for a total value of $14,800.00. Following the completion of the transaction, the director directly owned 9,276 shares of the company’s stock, valued at approximately $137,284.80. This trade represents a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jeffery Gerald Davis also recently made the following trade(s):

• On Friday, November 21st, Jeffery Gerald Davis sold 573 shares of Team stock. The shares were sold at an average price of $15.00, for a total value of $8,595.00.

Team Price Performance

NYSE TISI opened at $14.85 on Friday. The stock has a market capitalization of $67.25 million, a P/E ratio of -1.25 and a beta of 1.19. The business has a 50 day simple moving average of $15.22 and a 200 day simple moving average of $17.33. Team, Inc. has a one year low of $11.12 and a one year high of $24.25.

Team (NYSE:TISI) last posted its quarterly earnings results on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share (EPS) for the quarter. The business had revenue of $224.98 million for the quarter. Team had a negative return on equity of 753.94% and a negative net margin of 5.95%.

Hedge Funds Weigh In On Team

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in Team during the 3rd quarter valued at $188,000. Dimensional Fund Advisors LP lifted its stake in shares of Team by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock valued at $250,000 after buying an additional 1,204 shares in the last quarter. Susquehanna International Group LLP grew its holdings 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 valued at $286,000 after buying an additional 834 shares during the last quarter. 22NW LP bought a new stake in shares of Team during the first quarter worth about $589,000. Finally, Manatuck Hill Partners LLC increased its position in shares of Team by 16.1% during the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 10,000 shares in the last quarter. 46.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.