Team (NYSE:TISI) CEO Gary Hill Acquires 6,250 Shares of Stock

Team, Inc. (NYSE:TISI) CEO Gary Hill bought 6,250 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $16.00 per share, with a total value of $100,000.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Team Stock Performance

Shares of NYSE:TISI opened at $15.35 on Wednesday. The firm has a fifty day moving average price of $16.39 and a 200 day moving average price of $15.18. Team, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $21.33. The firm has a market cap of $70.16 million, a price-to-earnings ratio of -1.87 and a beta of 1.03.

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

Institutional Investors Weigh In On Team

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of 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 acquiring an additional 893 shares during the period. Susquehanna International Group LLP raised its stake in shares of Team by 5.1% in the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 834 shares during the period. DG Capital Management LLC purchased a new stake in shares of Team in the fourth quarter valued at $913,000. IES Holdings Inc. purchased a new stake in shares of Team in the fourth quarter valued at $1,060,000. Finally, Barclays PLC raised its stake in shares of 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 acquiring an additional 14,238 shares during the period. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Team News Summary

Here are the key news stories impacting Team this week:

• Positive Sentiment: CEO Gary L. Hill bought 6,250 shares of Team, Inc. at an average price of $16.00 per share, a $100,000 purchase that increased his ownership by 13.76%. Insider purchases by a chief executive can signal confidence in the company’s outlook and often support the stock. SEC filing
• Neutral Sentiment: There were no other major operational announcements in the provided feed specifically tied to Team, Inc. that would clearly change the investment thesis today.

About Team

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.