Mastech Digital (NYSE:MHH) Major Shareholder Buys $19,609.38 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 2,758 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $7.11 per share, for a total transaction of $19,609.38. Following the completion of the transaction, the insider owned 1,338,863 shares in the company, valued at approximately $9,519,315.93. This trade represents a 0.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mastech Digital Stock Up 0.6%

NYSE MHH traded up $0.05 during trading hours on Thursday, hitting $7.29. The company’s stock had a trading volume of 5,537 shares, compared to its average volume of 18,441. Mastech Digital, Inc. has a twelve month low of $6.20 and a twelve month high of $16.00. The firm has a market capitalization of $85.21 million, a P/E ratio of 25.12, a PEG ratio of 0.79 and a beta of 0.78. The stock has a fifty day moving average of $7.21 and a 200 day moving average of $7.29.

Institutional Investors Weigh In On Mastech Digital

Institutional investors have recently made changes to their positions in the stock. James Investment Research Inc. bought a new stake in Mastech Digital in the second quarter valued at about $87,000. Janney Montgomery Scott LLC increased its stake in shares of Mastech Digital by 17.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company’s stock valued at $118,000 after acquiring an additional 2,500 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Mastech Digital in the 1st quarter valued at approximately $148,000. Advyzon Investment Management LLC acquired a new stake in shares of Mastech Digital in the 3rd quarter valued at approximately $168,000. Finally, Cetera Investment Advisers boosted its stake in Mastech Digital by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock worth $180,000 after acquiring an additional 3,975 shares during the last quarter. 18.43% of the stock is owned by institutional investors and hedge funds.

Mastech Digital Company Profile

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.