Team, Inc. (NYSE:TISI) Major Shareholder Buys $31,602.00 in Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc purchased 4,580 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of $6.90 per share, for a total transaction of $31,602.00. Following the acquisition, the insider now owns 1,519,417 shares in the company, valued at $10,483,977.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, March 21st, Corre Partners Management, Llc purchased 5,250 shares of Team stock. The stock was bought at an average price 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 bought at an average price of $5.71 per share, for a total transaction of $116,152.82.

Team Stock Performance

Shares of TISI stock opened at $7.65 on Thursday. The company’s fifty day simple moving average is $6.38 and its 200-day simple moving average is $7.04. Team, Inc. has a 52 week low of $3.53 and a 52 week high of $11.25. The company has a debt-to-equity ratio of 6.72, a current ratio of 1.84 and a quick ratio of 1.62.

Hedge Funds Weigh In On Team

A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Team by 82.8% in the 4th quarter. Northern Trust Corp now owns 27,923 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 12,652 shares during the period. Vanguard Group Inc. increased its stake in Team by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 119,872 shares of the business services provider’s stock worth $833,000 after buying an additional 3,172 shares during the period. Barclays PLC increased its stake in Team by 16.6% during the 3rd quarter. Barclays PLC now owns 215,000 shares of the business services provider’s stock worth $1,494,000 after buying an additional 30,591 shares during the period. Manatuck Hill Partners LLC purchased a new stake in Team during the 2nd quarter worth $252,000. Finally, Susquehanna International Group LLP purchased a new stake in Team during the 1st quarter worth $77,000. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Team in a report on Wednesday. They issued 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.