Portolan Capital Management LLC Invests $6.30 Million in Acuren Corp $TIC

Portolan Capital Management LLC bought a new stake in Acuren Corp (NYSEAMERICAN:TIC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 472,954 shares of the company’s stock, valued at approximately $6,295,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Granite FO LLC bought a new position in Acuren in the third quarter worth approximately $27,000. Nisa Investment Advisors LLC increased its holdings in shares of Acuren by 123.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Acuren during the third quarter worth approximately $38,000. Clearstead Advisors LLC acquired a new position in shares of Acuren during the third quarter worth approximately $43,000. Finally, GAMMA Investing LLC bought a new position in shares of Acuren in the 3rd quarter worth $61,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research raised shares of Acuren to a “hold” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. initiated coverage on shares of Acuren in a research note on Friday, January 9th. They issued an “overweight” rating and a $16.00 price objective on the stock. UBS Group reduced their price objective on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, November 14th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $15.00 target price on shares of Acuren in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.38.

Acuren Stock Down 5.7%

Shares of TIC stock opened at $7.25 on Friday. Acuren Corp has a 52-week low of $6.73 and a 52-week high of $14.94. The company has a 50-day simple moving average of $9.94 and a two-hundred day simple moving average of $10.88.

About Acuren

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.