Evan S. Lederman buys $10.7k of TEAM Inc stock

Investors following TEAM Inc (NYSE:TISI) might be interested to know that Evan S. Lederman, a director of the company, has recently increased his stake in the firm. On March 22, 2024, Lederman purchased 2,098 shares of TEAM Inc’s common stock at a price of $5.12 per share, totaling approximately $10,741.

This transaction has bolstered Lederman’s ownership in the miscellaneous repair services provider to a total of 7,528 shares. The purchase, made at a single price point, reflects a direct investment in the company’s stock and signals a vote of confidence in TEAM Inc’s prospects.

TEAM Inc, with its business address in Sugar Land, Texas, is known for providing a range of repair and maintenance services across different industries. The company’s stock trades on the New York Stock Exchange under the ticker symbol TISI.

Investors often keep an eye on insider transactions as they can provide insights into how the company’s leadership views the stock’s value and future performance. Lederman’s recent acquisition could be a point of interest for current and potential shareholders as they evaluate their investment in TEAM Inc.

InvestingPro Insights

As investors consider the implications of Evan S. Lederman’s recent share purchase in TEAM Inc (NYSE:TISI), it’s important to look at the company’s financial health and market performance for a broader perspective. According to InvestingPro data, TEAM Inc’s market capitalization stands at a modest $30.29 million, reflecting its size in the industry. Despite a challenging financial position indicated by a negative P/E ratio of -0.40, the company showed a revenue growth of 2.67% over the last twelve months as of Q4 2023, which could signal a potential for turnaround.

InvestingPro Tips highlight several key points that could influence investor sentiment. TEAM Inc operates with a significant debt burden and may have trouble making interest payments on its debt, which is a critical consideration for risk assessment. On a more positive note, the company has recently experienced a significant return over the last week, with a 37.33% price total return, suggesting some positive market reception that could be related to insider transactions like Lederman’s.

For investors looking for a deeper dive into TEAM Inc’s financials and market performance, there are additional InvestingPro Tips available that can provide valuable insights. For instance, while the company does not currently pay a dividend, it’s noteworthy that its liquid assets exceed short-term obligations, offering some cushion for operational needs. Those interested in accessing these tips can explore further with the InvestingPro product. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

For a comprehensive analysis and more InvestingPro Tips related to TEAM Inc, consider visiting https://www.investing.com/pro/TISI. With a total of 12 additional tips listed in InvestingPro, investors can gain a more nuanced understanding of the company’s financial position and market dynamics.

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