Mastech Digital (NYSE:MHH) Major Shareholder Buys $24,200.00 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 4,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were acquired at an average price of $6.05 per share, with a total value of $24,200.00. Following the completion of the purchase, the insider directly owned 44,000 shares of the company’s stock, valued at approximately $266,200. The trade was a 10.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mastech Digital Price Performance

NYSE MHH opened at $6.85 on Thursday. The business has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $6.87. Mastech Digital, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $9.48. The stock has a market capitalization of $81.35 million, a PE ratio of 23.62, a PEG ratio of 0.79 and a beta of 0.82.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MHH. Capital Management Corp VA increased 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 worth $6,019,000 after buying an additional 57,420 shares in the last quarter. Indivisible Partners acquired a new position in shares of Mastech Digital during the fourth quarter worth $321,000. Advyzon Investment Management LLC acquired a new position in shares of Mastech Digital during the third quarter worth $168,000. NewEdge Advisors LLC acquired a new position in shares of Mastech Digital during the first quarter worth $148,000. Finally, Cetera Investment Advisers increased 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 worth $180,000 after buying an additional 3,975 shares in the last quarter. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.