Team, Inc. (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Buys 3,640 Shares

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc bought 3,640 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of $19.28 per share, for a total transaction of $70,179.20. Following the acquisition, the insider now directly owns 1,586,368 shares in the company, valued at approximately $30,585,175.04. This trade represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Thursday, June 12th, Corre Partners Management, Llc purchased 928 shares of Team stock. The stock was bought at an average price of $19.28 per share, with a total value of $17,891.84.
• 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 Monday, June 9th, Corre Partners Management, Llc purchased 5,640 shares of Team stock. The shares were bought at an average price of $18.57 per share, for a total transaction of $104,734.80.
• On Friday, June 6th, Corre Partners Management, Llc purchased 5,572 shares of Team stock. The stock was purchased at an average cost of $19.05 per share, for a total transaction of $106,146.60.
• On Thursday, June 5th, Corre Partners Management, Llc acquired 1,910 shares of Team stock. The shares were purchased at an average cost of $19.23 per share, with a total value of $36,729.30.
• On Wednesday, June 4th, Corre Partners Management, Llc bought 2,311 shares of Team stock. The stock was purchased at an average price of $19.02 per share, for a total transaction of $43,955.22.
• On Tuesday, June 3rd, Corre Partners Management, Llc purchased 5,856 shares of Team stock. The shares were purchased at an average price of $19.07 per share, with a total value of $111,673.92.
• On Monday, June 2nd, Corre Partners Management, Llc bought 1,613 shares of Team stock. The stock was acquired at an average price of $17.91 per share, for a total transaction of $28,888.83.

Team Stock Performance

NYSE TISI opened at $19.78 on Friday. The firm has a market cap of $88.85 million, a price-to-earnings ratio of -1.61 and a beta of 1.77. Team, Inc. has a 12-month low of $7.56 and a 12-month high of $26.77. The company has a 50-day simple moving average of $20.72 and a two-hundred day simple moving average of $17.70. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Team

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 22NW LP bought a new stake in Team in the 1st quarter worth $589,000. Northern Trust Corp raised its stake in shares of Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 12,400 shares during the last quarter. Manatuck Hill Partners LLC boosted its holdings in shares of Team by 23.0% during the fourth 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 period. Dimensional Fund Advisors LP bought a new stake in shares of Team in the fourth quarter worth about $140,000. Finally, Geode Capital Management LLC increased its holdings in Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 2,033 shares during the period. 46.57% of the stock is currently owned by institutional investors.

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.