Corre Partners Management, Llc Purchases 5,640 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc acquired 5,640 shares of the business’s stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of $18.57 per share, for a total transaction of $104,734.80. Following the completion of the transaction, the insider now owns 1,582,422 shares in the company, valued at approximately $29,385,576.54. This represents a 0.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% 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 Friday, June 6th, Corre Partners Management, Llc purchased 5,572 shares of Team stock. The stock was bought 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 purchased 1,910 shares of Team stock. The stock was bought at an average cost of $19.23 per share, for a total transaction of $36,729.30.
• On Wednesday, June 4th, Corre Partners Management, Llc purchased 2,311 shares of Team stock. The stock was bought at an average cost 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 stock was bought at an average cost of $19.07 per share, for a total transaction 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 cost of $17.91 per share, for a total transaction of $28,888.83.

Team Price Performance

Shares of NYSE TISI opened at $19.22 on Wednesday. Team, Inc. has a twelve month low of $7.56 and a twelve month high of $26.77. The firm has a market cap of $86.33 million, a P/E ratio of -1.56 and a beta of 1.77. The company has a 50 day moving average of $20.67 and a 200 day moving average of $17.64. 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. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The firm had revenue of $198.66 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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 have recently added to or reduced their stakes in the stock. 22NW LP purchased a new stake in Team during the 1st quarter valued at $589,000. AMH Equity Ltd raised its stake in Team by 4.1% during the 1st quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock valued at $784,000 after buying an additional 1,807 shares during the last quarter. Manatuck Hill Partners LLC raised its stake in Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after buying an additional 11,625 shares during the last quarter. Northern Trust Corp raised its stake in Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after buying an additional 12,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Team during the 4th quarter valued at $140,000. 46.57% of the stock is currently owned by hedge funds and other 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.