Team, Inc. (TISI) Insider Greg L. Boane Acquires 2,890 Shares
Team, Inc. (NYSE:TISI) insider Greg L. Boane acquired 2,890 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $13.78 per share, with a total value of $39,824.20. Following the completion of the transaction, the insider now owns 8,447 shares in the company, valued at approximately $116,399.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Team, Inc. (TISI) traded up $0.15 during trading on Monday, hitting $13.90. 544,500 shares of the stock were exchanged, compared to its average volume of 487,517. Team, Inc. has a twelve month low of $10.45 and a twelve month high of $39.70. The company has a current ratio of 2.68, a quick ratio of 2.32 and a debt-to-equity ratio of 0.81.
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Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Team by 79.9% during the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after acquiring an additional 2,613 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Team by 60.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,190 shares of the business services provider’s stock worth $149,000 after acquiring an additional 4,230 shares during the period. UBS Group AG increased its stake in shares of Team by 21.6% during the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after acquiring an additional 1,003 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Team during the third quarter worth about $154,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Team during the third quarter worth about $168,000. Institutional investors and hedge funds own 96.90% of the company’s stock.
Team Company Profile
Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
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