Key Points
- Steven Shaw, a major shareholder, bought 2,758 Mastech Digital shares on Dec. 9 at an average price of $7.11, raising his stake by 0.21% to 1,338,863 shares (about $9.52M).
- Mastech Digital stock traded up about 3.7% to $7.22 on light volume; the company has a market cap of $84.39M, a PE of 24.87, and a 12‑month range of $6.20–$16.00.
- Institutional activity included new and increased stakes from firms like Vanguard, Advyzon and Access Investment, with institutions now owning roughly 18.43% of the shares.
Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw acquired 2,758 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of $7.11 per share, for a total transaction of $19,609.38. Following the acquisition, the insider directly 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 Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Mastech Digital Trading Up 3.7%
Mastech Digital stock traded up $0.26 during midday trading on Friday, reaching $7.22. 4,270 shares of the stock traded hands, compared to its average volume of 18,467. The company has a 50-day simple moving average of $7.20 and a two-hundred day simple moving average of $7.29. Mastech Digital, Inc. has a 12-month low of $6.20 and a 12-month high of $16.00. The firm has a market cap of $84.39 million, a PE ratio of 24.87, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MHH. Advyzon Investment Management LLC purchased a new stake in Mastech Digital during the 3rd quarter worth approximately $168,000. Vanguard Group Inc. grew its stake 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. Cetera Investment Advisers increased its position 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 acquiring an additional 3,975 shares during the period. Access Investment Management LLC purchased a new stake in shares of Mastech Digital during the second quarter worth $859,000. Finally, James Investment Research Inc. acquired a new stake in shares of Mastech Digital in the second quarter valued at $87,000. Hedge funds and other institutional investors own 18.43% of the company's stock.
Mastech Digital Company Profile
(
Get Free Report)
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.
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