Insider Buying: Team (NYSE:TISI) CEO Purchases 6,250 Shares of Stock

Team, Inc. (NYSE:TISI) CEO Gary Hill purchased 6,250 shares of Team stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $16.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the chief executive officer owned 51,687 shares of the company’s stock, valued at $826,992. The trade was a 13.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Team Price Performance

TISI remained flat at $15.35 on Tuesday. 12,393 shares of the company were exchanged, compared to its average volume of 8,874. Team, Inc. has a 52-week low of $12.34 and a 52-week high of $21.33. The company has a market cap of $70.15 million, a PE ratio of -1.87 and a beta of 1.03. The stock’s 50-day simple moving average is $16.39 and its 200-day simple moving average is $15.18.

Team (NYSE:TISI) last announced its quarterly earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.94) by $3.18. The company had revenue of $215.06 million during the quarter, compared to analysts’ expectations of $208.88 million.

Key Team News

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No material Team, Inc. corporate news was found in the supplied articles that would clearly explain the stock’s move today.
• Neutral Sentiment: Several headlines reference other businesses using the word “team” or “teams,” but they do not appear to involve Team, Inc. (TISI) directly.
• Neutral Sentiment: The most relevant background remains Team, Inc.’s recent earnings beat, when it reported a smaller-than-expected loss and revenue above estimates, which may continue to support investor sentiment. Article Title

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Team by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 893 shares during the period. Barclays PLC increased its stake in Team by 4.8% in the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after purchasing an additional 14,238 shares during the period. DG Capital Management LLC acquired a new position in Team in the fourth quarter valued at $913,000. Corre Partners Management LLC increased its stake in Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after purchasing an additional 17,030 shares during the period. Finally, DRW Securities LLC acquired a new position in Team in the fourth quarter valued at $168,000. 46.57% of the stock is currently owned by institutional investors and hedge funds.

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.