Evan S. Lederman Acquires 2,098 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) Director Evan S. Lederman bought 2,098 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of $5.12 per share, with a total value of $10,741.76. Following the completion of the acquisition, the director now owns 7,528 shares of the company’s stock, valued at $38,543.36. The purchase was disclosed in a filing with the SEC, which is available through this link.

Team Stock Up 10.7 %

Shares of NYSE:TISI opened at $7.65 on Thursday. Team, Inc. has a 52-week low of $3.53 and a 52-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. The stock’s 50-day moving average is $6.38 and its 200-day moving average is $7.04.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Team in a research report on Wednesday. They issued a “buy” rating for the company.

Institutional Trading of Team

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Team by 2.7% during the third quarter. Vanguard Group Inc. now owns 119,872 shares of the business services provider’s stock valued at $833,000 after purchasing an additional 3,172 shares in the last quarter. Northern Trust Corp grew its position in Team by 82.8% in the fourth quarter. Northern Trust Corp now owns 27,923 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 12,652 shares during the period. Susquehanna International Group LLP acquired a new position in Team during the first quarter worth $77,000. Wetherby Asset Management Inc. acquired a new stake in shares of Team during the first quarter worth approximately $40,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Team during the 1st quarter worth approximately $48,000. Institutional investors own 46.57% of the company’s stock.

About Team

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.