Team, Inc. (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Purchases 4,000 Shares

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc purchased 4,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of $8.29 per share, for a total transaction of $33,160.00. Following the transaction, the insider now owns 1,559,520 shares of the company’s stock, valued at approximately $12,928,420.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Monday, June 3rd, Corre Partners Management, Llc bought 2,800 shares of Team stock. The stock was bought at an average price of $7.32 per share, for a total transaction of $20,496.00.
• On Tuesday, May 21st, Corre Partners Management, Llc bought 6,122 shares of Team stock. The shares were bought at an average cost of $7.00 per share, with a total value of $42,854.00.
• On Thursday, March 28th, Corre Partners Management, Llc purchased 12,857 shares of Team stock. The stock was bought 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 acquired 4,580 shares of Team stock. The shares were purchased at an average cost of $6.90 per share, with a total value of $31,602.00.
• On Thursday, March 21st, Corre Partners Management, Llc bought 5,250 shares of Team stock. The stock was purchased at an average cost 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 stock was purchased at an average price of $5.71 per share, with a total value of $116,152.82.

Team Stock Down 4.7 %

Team stock traded down $0.39 during mid-day trading on Monday, hitting $7.90. The company’s stock had a trading volume of 9,544 shares, compared to its average volume of 11,120. The company has a debt-to-equity ratio of 11.41, a current ratio of 1.74 and a quick ratio of 1.52. Team, Inc. has a 52-week low of $5.05 and a 52-week high of $11.25. The firm’s 50 day moving average is $7.36 and its 200 day moving average is $6.88. The company has a market cap of $34.92 million, a PE ratio of -0.51 and a beta of 1.82.

Team (NYSE:TISI) last posted its quarterly earnings results on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%. The company had revenue of $199.60 million for the quarter.

Institutional Trading of Team

A hedge fund recently raised its stake in Team stock. Barclays PLC increased its position in Team, Inc. (NYSE:TISI) by 16.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,000 shares of the business services provider’s stock after buying an additional 30,591 shares during the period. Barclays PLC owned 4.92% of Team worth $1,494,000 at the end of the most recent reporting period. 46.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Team in a research note on Saturday. They set 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.