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

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 5,000 shares of Mastech Digital stock in a transaction that occurred on Friday, August 21st. The shares were acquired at an average price of $7.47 per share, with a total value of $37,350.00. Following the acquisition, the insider directly owned 55,000 shares of the company’s stock, valued at $410,850. The trade was a 10.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mastech Digital Stock Performance

Shares of MHH stock opened at $7.50 on Monday. The firm’s fifty day moving average price is $7.72 and its two-hundred day moving average price is $6.92. Mastech Digital, Inc. has a 1 year low of $5.50 and a 1 year high of $8.37. The firm has a market capitalization of $90.10 million, a P/E ratio of 25.86, a PEG ratio of 0.79 and a beta of 0.85.

Institutional Investors Weigh In On Mastech Digital

Several large investors have recently made changes to their positions in MHH. &PARTNERS raised its position in Mastech Digital by 15.8% during the fourth quarter. &PARTNERS now owns 12,510 shares of the company’s stock worth $87,000 after acquiring an additional 1,707 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Mastech Digital in the first quarter valued at approximately $148,000. Janney Montgomery Scott LLC boosted its stake in shares of Mastech Digital by 57.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company’s stock worth $121,000 after acquiring an additional 7,800 shares during the period. Cetera Investment Advisers raised its stake in Mastech Digital by 18.8% in the 2nd 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. Finally, Advyzon Investment Management LLC lifted its holdings in Mastech Digital by 90.4% during the 4th quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company’s stock valued at $293,000 after purchasing an additional 19,956 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

About Mastech Digital

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.