In a recent move, Michael J. Caliel, a director at Team Inc (NYSE:TISI), a company known for its miscellaneous repair services, has increased his stake in the company through the purchase of shares. The transaction, which took place on March 20, 2024, involved Caliel acquiring 2,782 shares of common stock at a weighted average price of $5.68 per share.
The purchase, which amounted to over $15,800, was executed in multiple transactions with prices ranging from $5.64 to $5.69. Following this buy, Caliel now owns a total of 40,378 shares in Team Inc. The acquisition signals a vote of confidence from the director in the company's future prospects.
Investors often monitor insider transactions such as these for insights into how the company's leadership views the stock's value and potential. While insider buying can be seen as a positive sign, it is just one of many factors that investors may consider when evaluating their investment decisions.
Team Inc, headquartered in Sugar Land, Texas, operates under the industrial classification of miscellaneous repair services and is incorporated in Delaware. The company's shares are traded on the New York Stock Exchange under the ticker symbol NYSE:TISI.
InvestingPro Insights
As investors digest the recent insider buying activity by Michael J. Caliel at Team Inc (NYSE:TISI), it's important to consider the company's financial health and market performance. According to InvestingPro data, Team Inc's market capitalization stands at a modest $26.69 million, reflecting the scale of the company within the repair services industry. Despite a positive revenue growth of 2.67% over the last twelve months as of Q4 2023, the company's P/E ratio is notably negative at -0.36, which may raise questions about its profitability and earnings outlook.
The company's stock has experienced a significant return of nearly 10% over the last week, indicating some positive market sentiment in the short term. Nevertheless, Team Inc's stock price movements have been quite volatile, which could be a point of consideration for risk-averse investors. Additionally, with a price-to-book ratio of 0.59, the stock may appear undervalued based on the company's book value, which could attract value investors.
Two noteworthy InvestingPro Tips for Team Inc include the company's significant debt burden and its difficulty in making interest payments on its debt. These factors are critical for investors to consider, particularly in the context of the company's recent insider buying activity. For those seeking to delve deeper into Team Inc's financials and market performance, there are 11 additional InvestingPro Tips available, which can be accessed at https://www.investing.com/pro/TISI. Investors interested in a comprehensive analysis can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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