Team, Inc. (NYSE:TISI) Director Anthony R. Horton Purchases 1,082 Shares

Team, Inc. (NYSE:TISI) Director Anthony R. Horton acquired 1,082 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $15.24 per share, for a total transaction of $16,489.68. Following the transaction, the director now owns 2,081 shares of the company’s stock, valued at approximately $31,714.44. The trade was a 108.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Team Stock Up 7.4 %

Shares of TISI stock traded up $1.05 during mid-day trading on Monday, hitting $15.33. The company’s stock had a trading volume of 24,389 shares, compared to its average volume of 18,412. The stock has a market cap of $68.83 million, a price-to-earnings ratio of -1.27 and a beta of 1.83. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.59 and a current ratio of 1.80. Team, Inc. has a 52-week low of $5.05 and a 52-week high of $26.77. The business has a 50-day moving average price of $18.48 and a 200 day moving average price of $12.47.

Institutional Trading of Team

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after buying an additional 18,733 shares during the period. Geode Capital Management LLC raised its stake in shares of Team by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Team during the 2nd quarter valued at about $118,000. Institutional investors own 46.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Team from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

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.