Team, Inc. (NYSE:TISI) Director Buys $16,489.68 in Stock

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

Team Stock Up 6.0 %

Team stock opened at $16.20 on Wednesday. The firm has a market capitalization of $72.74 million, a price-to-earnings ratio of -1.32 and a beta of 1.83. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The stock’s fifty day moving average is $18.45 and its two-hundred day moving average is $12.60.

Hedge Funds Weigh In On Team

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased 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 worth $647,000 after purchasing an additional 3,973 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Team during the 2nd quarter valued at $118,000. Finally, Barclays PLC increased its position in Team by 7.3% during 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 in the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

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.