Team, Inc. (NYSE:TISI) Director Michael J. Caliel Acquires 2,404 Shares

Team, Inc. (NYSE:TISI) Director Michael J. Caliel bought 2,404 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $16,828.00. Following the transaction, the director now owns 45,000 shares in the company, valued at $315,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Team Price Performance

TISI stock opened at $7.65 on Thursday. The stock’s 50 day simple moving average is $6.38 and its 200 day simple moving average is $7.04. Team, Inc. has a fifty-two week low of $3.53 and a fifty-two week high of $11.25. The company has a quick ratio of 1.62, a current ratio of 1.84 and a debt-to-equity ratio of 6.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. purchased a new stake in shares of Team in the first quarter worth approximately $40,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Team during the first quarter valued at approximately $48,000. Jane Street Group LLC bought a new position in Team during the second quarter valued at $61,000. Two Sigma Investments LP bought a new position in shares of Team in the third quarter worth $65,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Team by 401.8% in the second quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock worth $67,000 after acquiring an additional 72,442 shares during the period. 46.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Team in a research report on Wednesday. They set a “buy” rating on the 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.