Team, Inc. (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Acquires 6,122 Shares

Team, Inc. (NYSE:TISIGet Free Report) major shareholder Corre Partners Management, Llc acquired 6,122 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $7.00 per share, with a total value of $42,854.00. Following the transaction, the insider now owns 1,548,489 shares of the company’s stock, valued at $10,839,423. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares 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 28th, Corre Partners Management, Llc acquired 12,857 shares of Team stock. The shares were purchased at an average price of $7.10 per share, with a total value of $91,284.70.
  • On Monday, March 25th, Corre Partners Management, Llc purchased 4,580 shares of Team stock. The stock was bought at an average price of $6.90 per share, with a total value of $31,602.00.
  • 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, with a total value of $32,865.00.
  • On Tuesday, March 19th, Corre Partners Management, Llc acquired 20,342 shares of Team stock. The stock was purchased at an average cost of $5.71 per share, with a total value of $116,152.82.

Team Trading Up 0.3 %

Shares of Team stock traded up $0.02 on Thursday, hitting $7.27. 5,075 shares of the company traded hands, compared to its average volume of 11,402. The stock’s 50 day moving average price is $7.04 and its 200-day moving average price is $6.77. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 11.41. Team, Inc. has a 52 week low of $4.27 and a 52 week high of $11.25. The company has a market cap of $32.13 million, a PE ratio of -0.47 and a beta of 1.79.

Team (NYSE:TISIGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The business services provider reported ($3.18) earnings per share (EPS) for the quarter. The business had revenue of $214.13 million for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Team in a research note on Wednesday. They issued a “buy” rating for the company.

Read Our Latest Report on TISI

Hedge Funds Weigh In On Team

An institutional investor recently raised its position in Team stock. Barclays PLC boosted its holdings in shares of Team, Inc. (NYSE:TISIFree Report) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,000 shares of the business services provider’s stock after buying an additional 30,591 shares during the quarter. Barclays PLC owned approximately 4.92% of Team worth $1,494,000 as of its most recent SEC filing. Institutional investors and hedge funds own 46.57% of the company’s stock.

Team Company Profile

(Get Free Report)

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.

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