Craig L. Martin Purchases 20,000 Shares of Team, Inc. (TISI) Stock

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Team, Inc. (NYSE:TISI) Director Craig L. Martin purchased 20,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of $15.20 per share, with a total value of $304,000.00. Following the completion of the acquisition, the director now directly owns 29,585 shares of the company’s stock, valued at $449,692. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Team stock opened at $14.50 on Friday. Team, Inc. has a 1 year low of $13.90 and a 1 year high of $25.55. The stock has a market capitalization of $438.60 million, a price-to-earnings ratio of -18.59 and a beta of 1.57. The company has a quick ratio of 1.86, a current ratio of 2.18 and a debt-to-equity ratio of 0.94.

Team (NYSE:TISI) last announced its quarterly earnings results on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.31). Team had a negative return on equity of 5.75% and a negative net margin of 5.86%. The business had revenue of $269.60 million during the quarter, compared to the consensus estimate of $294.20 million. On average, research analysts predict that Team, Inc. will post -0.12 EPS for the current fiscal year.

TISI has been the subject of several recent analyst reports. ValuEngine downgraded Team from a “buy” rating to a “hold” rating in a report on Monday, February 4th. KeyCorp set a $23.00 price target on Team and gave the stock a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded Team from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, March 14th. Finally, TheStreet upgraded Team from a “d+” rating to a “c-” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.33.

Several hedge funds have recently bought and sold shares of TISI. BlueMountain Capital Management LLC acquired a new position in shares of Team during the first quarter worth about $592,000. Encompass Capital Advisors LLC acquired a new position in shares of Team during the first quarter worth about $10,250,000. Premia Global Advisors LLC acquired a new position in shares of Team during the first quarter worth about $27,000. Hsbc Holdings PLC acquired a new position in shares of Team during the first quarter worth about $202,000. Finally, Marshall Wace LLP acquired a new position in shares of Team during the first quarter worth about $41,000.

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Team Company Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

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