Steven Shaw Acquires 5,000 Shares of Mastech Digital (NYSE:MHH) Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 5,000 shares of the stock in a transaction on Friday, August 21st. The stock was purchased at an average price of $7.47 per share, for a total transaction of $37,350.00. Following the completion of the purchase, the insider directly owned 55,000 shares in the company, valued at approximately $410,850. This represents a 10.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mastech Digital Price Performance

Shares of NYSE:MHH opened at $7.58 on Wednesday. The firm has a fifty day moving average price of $7.72 and a two-hundred day moving average price of $6.92. The company has a market cap of $91.06 million, a price-to-earnings ratio of 26.14, a PEG ratio of 0.79 and a beta of 0.85. Mastech Digital, Inc. has a one year low of $5.50 and a one year high of $8.37.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors have recently added to or reduced their stakes in MHH. Capital Management Corp VA boosted its position in shares of Mastech Digital by 7.1% during the 4th quarter. Capital Management Corp VA now owns 862,329 shares of the company’s stock valued at $6,019,000 after acquiring an additional 57,420 shares during the last quarter. Vanguard Group Inc. raised its stake in Mastech Digital by 2.0% in the third quarter. Vanguard Group Inc. now owns 170,125 shares of the company’s stock valued at $1,297,000 after purchasing an additional 3,357 shares in the last quarter. BlackRock Inc. purchased a new stake in Mastech Digital in the second quarter valued at approximately $840,000. Indivisible Partners bought a new stake in Mastech Digital during the fourth quarter valued at approximately $321,000. Finally, Advyzon Investment Management LLC grew its stake in Mastech Digital by 90.4% in the 4th quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company’s stock worth $293,000 after buying an additional 19,956 shares in the last quarter. 18.43% of the stock is currently owned by institutional investors.

Mastech Digital Company Profile

Mastech Digital (NYSE: MHH) is a technology services and digital transformation company that provides end-to-end solutions to help organizations modernize their operations. Headquartered in Pittsburgh, Pennsylvania, the company offers a combination of IT staffing and project-based delivery, enabling clients to accelerate cloud adoption, data analytics initiatives, and digital product development. Its blended service model supports enterprises looking to scale technology teams and implement complex digital strategies.

The company’s service portfolio includes IT staffing and recruitment, digital transformation consulting, and specialized digital solutions such as data management, analytics, artificial intelligence, and robotic process automation.