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

Team, Inc. (NYSE:TISI) Director Michael J. Caliel acquired 2,404 shares of the business’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $16,828.00. Following the transaction, the director now owns 45,000 shares of the company’s stock, valued at approximately $315,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Team Stock Up 10.7 %

Shares of TISI stock opened at $7.65 on Thursday. Team, Inc. has a 1-year low of $3.53 and a 1-year high of $11.25. The company has a debt-to-equity ratio of 6.72, a quick ratio of 1.62 and a current ratio of 1.84. The business has a 50-day moving average of $6.38 and a 200 day moving average of $7.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new position in shares of Team in the 1st quarter worth $77,000. Wetherby Asset Management Inc. purchased a new position in shares of Team in the 1st quarter worth $40,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Team in the 1st quarter worth $48,000. Northern Trust Corp boosted its stake in shares of Team by 82.8% in the 4th quarter. Northern Trust Corp now owns 27,923 shares of the business services provider’s stock worth $184,000 after buying an additional 12,652 shares during the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in Team during the second quarter valued at $252,000. Institutional investors own 46.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed 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.