Insider Buying: Team (NYSE:TISI) CEO Buys 5,800 Shares of Stock

Team, Inc. (NYSE:TISI) CEO Gary Hill acquired 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $16.22 per share, with a total value of $94,076.00. Following the completion of the acquisition, the chief executive officer owned 45,437 shares in the company, valued at $736,988.14. This trade represents a 14.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Team Price Performance

NYSE:TISI traded up $0.58 during trading hours on Thursday, hitting $16.42. The stock had a trading volume of 10,308 shares, compared to its average volume of 7,015. The company has a 50 day simple moving average of $16.09 and a two-hundred day simple moving average of $15.18. The firm has a market capitalization of $75.04 million, a price-to-earnings ratio of -2.00 and a beta of 1.09. Team, Inc. has a one year low of $12.34 and a one year high of $22.00.

Team (NYSE:TISI) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $3.18. The company had revenue of $215.06 million for the quarter, compared to analysts’ expectations of $208.88 million.

Analyst Ratings Changes

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

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TISI. DRW Securities LLC purchased a new position in Team in the 4th quarter worth about $168,000. GSA Capital Partners LLP acquired a new stake in Team in the 3rd quarter worth approximately $188,000. Dimensional Fund Advisors LP lifted its stake in Team by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 893 shares during the period. Susquehanna International Group LLP lifted its stake in Team by 5.1% during the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 834 shares during the period. Finally, DG Capital Management LLC purchased a new position in shares of Team during the 4th quarter valued at approximately $913,000. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.