Corre Partners Management, Llc Buys 4,580 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc acquired 4,580 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of $6.90 per share, for a total transaction of $31,602.00. Following the purchase, the insider now directly owns 1,519,417 shares in the company, valued at $10,483,977.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Thursday, March 21st, Corre Partners Management, Llc acquired 5,250 shares of Team stock. The shares were purchased at an average cost of $6.26 per share, for a total transaction of $32,865.00.
• On Tuesday, March 19th, Corre Partners Management, Llc acquired 20,342 shares of Team stock. The shares were purchased at an average cost of $5.71 per share, for a total transaction of $116,152.82.

Team Trading Up 10.7 %

Shares of NYSE TISI opened at $7.65 on Thursday. The firm has a fifty day moving average of $6.38 and a 200 day moving average of $7.04. The company has a debt-to-equity ratio of 6.72, a current ratio of 1.84 and a quick ratio of 1.62. Team, Inc. has a one year low of $3.53 and a one year high of $11.25.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Team

Several institutional investors and hedge funds have recently added to or reduced their stakes in TISI. Millennium Management LLC increased its holdings in Team by 672.0% in the 2nd quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after acquiring an additional 397,535 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Team by 41.8% during the 1st quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock valued at $886,000 after acquiring an additional 118,049 shares during the last quarter. Barclays PLC boosted its position in shares of Team by 145.9% during the 2nd quarter. Barclays PLC now owns 184,409 shares of the business services provider’s stock valued at $1,531,000 after acquiring an additional 109,409 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Team during the 2nd quarter valued at about $61,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Team by 401.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 72,442 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.