Corre Partners Management, Llc Purchases 1,910 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc purchased 1,910 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $19.23 per share, for a total transaction of $36,729.30. Following the completion of the transaction, the insider now owns 1,571,210 shares of the company’s stock, valued at $30,214,368.30. This represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 9th, Corre Partners Management, Llc acquired 5,640 shares of Team stock. The stock was acquired at an average cost of $18.57 per share, for a total transaction of $104,734.80.
• On Friday, June 6th, Corre Partners Management, Llc bought 5,572 shares of Team stock. The shares were acquired at an average cost of $19.05 per share, with a total value of $106,146.60.
• On Wednesday, June 4th, Corre Partners Management, Llc purchased 2,311 shares of Team stock. The stock was acquired 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 acquired 5,856 shares of Team stock. The shares were bought at an average cost of $19.07 per share, with a total value of $111,673.92.
• On Monday, June 2nd, Corre Partners Management, Llc purchased 1,613 shares of Team stock. The stock was bought at an average price of $17.91 per share, with a total value of $28,888.83.

Team Stock Down 2.3%

NYSE:TISI traded down $0.43 during trading hours on Monday, hitting $18.24. 11,905 shares of the stock traded hands, compared to its average volume of 22,997. The firm has a market cap of $81.95 million, a price-to-earnings ratio of -1.48 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 current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. The firm has a 50 day moving average price of $20.66 and a 200 day moving average price of $17.63.

Team (NYSE:TISI) last posted its quarterly earnings results 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 return on equity of 152.34% and a negative net margin of 6.35%.

Hedge Funds Weigh In On Team

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in Team during the 4th quarter valued at $140,000. Barclays PLC raised its position in shares of Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after buying an additional 18,733 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the period. Manatuck Hill Partners LLC grew its position in 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 buying an additional 11,625 shares in the last quarter. Finally, Northern Trust Corp grew its position in Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after buying an additional 12,400 shares in the last quarter. 46.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.