Insider Buying: Mastech Digital (NYSE:MHH) Major Shareholder Buys $31,180.80 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 4,480 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average price of $6.96 per share, with a total value of $31,180.80. Following the completion of the acquisition, the insider owned 1,344,658 shares of the company’s stock, valued at $9,358,819.68. This trade represents a 0.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mastech Digital Stock Down 1.1%

NYSE:MHH opened at $6.90 on Thursday. The company has a market cap of $80.71 million, a P/E ratio of 23.79, a P/E/G ratio of 0.79 and a beta of 0.83. The firm’s 50 day moving average is $7.16 and its two-hundred day moving average is $7.33. Mastech Digital, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $14.23.

Institutional Trading of Mastech Digital

A number of institutional investors have recently modified their holdings of the company. Capital Management Corp VA increased its position in Mastech Digital by 14.1% during the 2nd quarter. Capital Management Corp VA now owns 881,578 shares of the company’s stock worth $6,321,000 after purchasing an additional 109,037 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Mastech Digital by 2.0% in the third quarter. Vanguard Group Inc. now owns 170,125 shares of the company’s stock worth $1,297,000 after acquiring an additional 3,357 shares in the last quarter. Access Investment Management LLC purchased a new position in shares of Mastech Digital in the 2nd quarter valued at $859,000. Indivisible Partners acquired a new position in shares of Mastech Digital during the 4th quarter valued at $321,000. Finally, Cetera Investment Advisers boosted its position 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 purchasing an additional 3,975 shares during the period. Hedge funds and other institutional investors 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.