Team, Inc. (NYSE:TISI) Director Anthony R. Horton Buys 1,082 Shares

Team, Inc. (NYSE:TISI) Director Anthony R. Horton purchased 1,082 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $15.24 per share, for a total transaction of $16,489.68. Following the completion of the transaction, the director now directly owns 2,081 shares in the company, valued at approximately $31,714.44. This represents a 108.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Team Stock Performance

Shares of TISI stock opened at $15.29 on Tuesday. Team, Inc. has a 52 week low of $5.05 and a 52 week high of $26.77. The company has a 50-day simple moving average of $18.48 and a 200 day simple moving average of $12.47. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Team from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares in the last quarter. Barclays PLC raised its position in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Team during the second quarter worth $118,000. Institutional investors and hedge funds 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.