Gary Hill Acquires 5,800 Shares of Team (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) CEO Gary Hill bought 5,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $16.22 per share, with a total value of $94,076.00. Following the purchase, the chief executive officer directly owned 45,437 shares of the company’s stock, valued at approximately $736,988.14. This represents a 14.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Team Trading Up 3.7%

Shares of NYSE TISI traded up $0.58 during mid-day trading on Thursday, reaching $16.42. The company had a trading volume of 10,308 shares, compared to its average volume of 7,015. The stock has a market cap of $75.04 million, a PE ratio of -2.00 and a beta of 1.09. The company has a 50-day moving average price of $16.09 and a two-hundred day moving average price of $15.18. Team, Inc. has a 1-year low of $12.34 and a 1-year high of $22.00.

Team (NYSE:TISI) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share 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.

Key Stories Impacting Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: CEO Gary L. Hill bought 5,800 shares at $16.22 each, a notable insider purchase that can signal management confidence in Team, Inc.’s outlook. SEC filing
• Positive Sentiment: Director Evan S. Lederman also added 600 shares, reinforcing the insider-bullish signal around the stock. SEC filing
• Positive Sentiment: Team’s Q1 update showed a narrower loss, 8% revenue growth, and a 45% jump in adjusted EBITDA, pointing to margin improvement and a possible turnaround in core operations. Zacks article
• Positive Sentiment: At the recent annual meeting, shareholders backed governance and equity proposals, reducing near-term uncertainty around corporate actions. TipRanks article

Hedge Funds Weigh In On Team

A number of hedge funds and other institutional investors have recently bought and sold shares of TISI. Corre Partners Management LLC increased its stake in Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after acquiring an additional 17,030 shares during the last quarter. Barclays PLC raised its holdings in shares of Team by 4.8% during the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after purchasing an additional 14,238 shares during the period. Vanguard Group Inc. raised its holdings in shares of Team by 1.7% during the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after purchasing an additional 2,667 shares during the period. IES Holdings Inc. acquired a new stake in shares of Team in the 4th quarter worth about $1,060,000. Finally, Manatuck Hill Partners LLC raised its holdings in shares of Team by 16.1% in the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 46.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Team Company Profile

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.