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In a recent move, Michael J. Kariel, a director at Team Inc. (NYSE:TISI), known for its other repair services, increased his stake in the company through stock purchases. The transaction, which took place on March 20, 2024, included Kariel acquiring 2,782 shares of common stock at a weighted average price of $5.68 per share.
This purchase amounted to over $15,800 and was executed in multiple transactions with prices ranging from $5.64 to $5.69. Following this acquisition, Mr. Kariel now owns a total of 40,378 shares in Team Inc. The acquisition represents a vote of confidence by the directors in the company's future prospects.
Investors often monitor such insider transactions to learn how a company's management views the stock's value and potential. While insider purchases can be considered a positive sign, it is just one of many factors investors may consider when evaluating an investment decision.
Team Inc is headquartered in Sugar Land, Texas, operates under the Other Repair Services industry classification, and is incorporated in the State of Delaware. The company's stock trades on the New York Stock Exchange under the ticker symbol NYSE:TISI.
Investment Pro Insights
As investors understand Michael J. Caliel's recent insider buying activity for Team Inc. (NYSE:TISI), it is important to consider the company's financial health and market performance. According to InvestingPro data, Team Inc's market capitalization is modest at $26.69 million, reflecting the company's size in the repair services industry. As of Q4 2023, the company's P/E ratio is significantly negative at -0.36, despite posting a positive earnings growth of 2.67% over the past twelve months, indicating that its profitability and earnings outlook are Questions may arise.
The company's stock has posted a strong return of nearly 10% over the last week, indicating some positive market sentiment in the short term. Nevertheless, Team Inc's share price movement has been quite volatile, which could be a consideration for risk-averse investors. Additionally, his price-to-book ratio of 0.59 may make the stock appear undervalued based on the company's book value, which could attract value investors.
InvestingPro's two notable takeaways for Team Inc include the company's high debt burden and difficulty paying interest on its debt. These factors are important for investors to consider, especially in the context of the company's recent insider buying activity. For those looking to learn more about Team Inc's financials and market performance, we have an additional 11 of his InvestingPro Tips available at https://www.investing.com/pro/TISI. Investors interested in comprehensive analysis can use coupon codes. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
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