Corre Partners Management, Llc Buys 700 Shares of Team (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc acquired 700 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average cost of $14.89 per share, for a total transaction of $10,423.00. Following the acquisition, the insider directly owned 1,601,330 shares in the company, valued at $23,843,803.70. This represents a 0.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Monday, December 1st, Corre Partners Management, Llc bought 13,334 shares of Team stock. The stock was purchased at an average price of $14.83 per share, with a total value of $197,743.22.

Team Price Performance

Shares of TISI stock opened at $15.00 on Friday. Team, Inc. has a one year low of $11.12 and a one year high of $24.25. The stock has a fifty day moving average price of $15.27 and a 200 day moving average price of $17.37. The stock has a market cap of $67.95 million, a P/E ratio of -1.27 and a beta of 1.19.

Team (NYSE:TISI) last announced its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share (EPS) for the quarter. The business had revenue of $224.98 million during the quarter. Team had a negative net margin of 5.95% and a negative return on equity of 753.94%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Team has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TISI. GSA Capital Partners LLP acquired a new position in shares of Team in the 3rd quarter worth approximately $188,000. Dimensional Fund Advisors LP increased its holdings in Team by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 1,204 shares in the last quarter. Susquehanna International Group LLP raised its position in Team by 5.1% in the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 834 shares during the last quarter. 22NW LP acquired a new position in Team in the first quarter worth $589,000. Finally, Manatuck Hill Partners LLC boosted its stake in Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 46.57% of the company’s stock.

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.