22NW LP Makes New $589,000 Investment in Team, Inc. $TISI

22NW LP purchased a new position in shares of Team, Inc. (NYSE:TISI) in the 1st quarter, Holdings Channel.com reports. The fund purchased 34,835 shares of the business services provider’s stock, valued at approximately $589,000. Team comprises about 0.4% of 22NW LP’s portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TISI. JPMorgan Chase & Co. increased its stake in Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Team during the fourth quarter worth about $140,000. Northern Trust Corp increased its stake 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 acquiring an additional 12,400 shares during the last quarter. Geode Capital Management LLC increased its stake in Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after acquiring an additional 2,033 shares during the last quarter. Finally, AMH Equity Ltd increased its stake in Team by 4.1% during the first quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock worth $784,000 after acquiring an additional 1,807 shares during the last quarter. 46.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Team

In other Team news, Director Evan S. Lederman sold 1,650 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $18.04, for a total value of $29,766.00. Following the transaction, the director directly owned 5,878 shares of the company’s stock, valued at $106,039.12. This represents a 21.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Corre Partners Management, Llc bought 3,640 shares of Team stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $19.28 per share, with a total value of $70,179.20. Following the completion of the purchase, the insider owned 1,586,368 shares in the company, valued at approximately $30,585,175.04. The trade was a 0.23% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,776 shares of company stock worth $525,907 over the last 90 days. 3.70% of the stock is owned by company insiders.

Team Price Performance

TISI stock opened at $18.70 on Friday. The company has a debt-to-equity ratio of 183.33, a quick ratio of 1.72 and a current ratio of 1.97. Team, Inc. has a 1 year low of $10.40 and a 1 year high of $26.77. The firm has a market cap of $84.15 million, a P/E ratio of -1.60 and a beta of 1.86. The stock has a 50-day simple moving average of $18.09 and a 200-day simple moving average of $18.54.

Team (NYSE:TISI) last posted its earnings results on Tuesday, August 12th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%. The company had revenue of $248.03 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Team from a “strong-buy” rating to a “hold” rating in a research note 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.