Mastech Digital (NYSE:MHH) Major Shareholder Purchases $12,380.00 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 2,000 shares of Mastech Digital stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of $6.19 per share, with a total value of $12,380.00. Following the completion of the transaction, the insider owned 46,000 shares of the company’s stock, valued at $284,740. This trade represents a 4.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mastech Digital Price Performance

Shares of MHH stock opened at $6.85 on Thursday. The stock has a market cap of $81.35 million, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 0.79 and a beta of 0.82. Mastech Digital, Inc. has a one year low of $5.50 and a one year high of $9.48. The stock has a fifty day moving average price of $6.30 and a 200 day moving average price of $6.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Management Corp VA lifted its holdings in shares of Mastech Digital by 7.1% during the fourth 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 period. Vanguard Group Inc. lifted its holdings in shares of Mastech Digital by 2.0% during the third quarter. Vanguard Group Inc. now owns 170,125 shares of the company’s stock valued at $1,297,000 after acquiring an additional 3,357 shares during the period. Indivisible Partners bought a new position in shares of Mastech Digital during the fourth quarter valued at $321,000. Advyzon Investment Management LLC lifted its holdings in shares of Mastech Digital by 90.4% during the fourth quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company’s stock valued at $293,000 after acquiring an additional 19,956 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Mastech Digital by 18.8% during the second quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock valued at $180,000 after acquiring an additional 3,975 shares during the period. 18.43% of the stock is 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.