Key Points
- Steven Shaw, a major shareholder, bought 2,000 shares at an average price of $6.19 on April 10 for a total of $12,380, increasing his stake to 46,000 shares (a 4.55% rise) valued at about $284,740.
- Mastech Digital (MHH) recently traded near $6.20 with 50- and 200-day moving averages of $6.30 and $6.87, a 12-month range of $5.50–$9.48, and a market capitalization of $73.46 million (P/E 21.36, PEG 0.79).
- Institutional investors own roughly 18.43% of the company, and several hedge funds (including &PARTNERS, NewEdge, Advyzon, Cetera, and Indivisible Partners) have recently added or initiated positions in MHH.
Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw acquired 2,000 shares of the firm's stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $6.19 per share, for a total transaction of $12,380.00. Following the transaction, the insider directly owned 46,000 shares of the company's stock, valued at approximately $284,740. This trade represents a 4.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Mastech Digital Trading Down 1.8%
MHH stock opened at $6.20 on Tuesday. The firm's 50-day moving average price is $6.30 and its two-hundred day moving average price is $6.87. Mastech Digital, Inc. has a 12-month low of $5.50 and a 12-month high of $9.48. The stock has a market capitalization of $73.46 million, a price-to-earnings ratio of 21.36, a PEG ratio of 0.79 and a beta of 0.82.
Hedge Funds Weigh In On Mastech Digital
A number of hedge funds have recently modified their holdings of MHH. &PARTNERS increased its position in shares of Mastech Digital by 15.8% in the fourth quarter. &PARTNERS now owns 12,510 shares of the company's stock valued at $87,000 after acquiring an additional 1,707 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Mastech Digital in the first quarter valued at about $148,000. Advyzon Investment Management LLC purchased a new position in shares of Mastech Digital in the third quarter valued at about $168,000. Cetera Investment Advisers increased its position in shares of Mastech Digital by 18.8% in the second 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, Indivisible Partners purchased a new position in shares of Mastech Digital in the fourth quarter valued at about $321,000. Hedge funds and other institutional investors own 18.43% of the company's stock.
Mastech Digital Company Profile
(
Get Free Report)
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.
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