Key Points
- Major shareholder Steven Shaw bought 5,000 Mastech Digital shares at an average price of $7.47, investing $37,350 and increasing his direct ownership by 10% to 55,000 shares.
- Mastech Digital shares opened at $7.43, compared with a 52-week range of $5.50 to $8.37; the company has an approximately $89.3 million market capitalization.
- Institutional investors have recently increased or initiated positions, though hedge funds and other institutions collectively own a relatively modest 18.43% of the company.
Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw bought 5,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average cost of $7.47 per share, with a total value of $37,350.00. Following the acquisition, the insider directly owned 55,000 shares in the company, valued at $410,850. This trade represents a 10.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Mastech Digital Stock Performance
Shares of MHH stock opened at $7.43 on Tuesday. Mastech Digital, Inc. has a 52-week low of $5.50 and a 52-week high of $8.37. The firm has a market capitalization of $89.26 million, a PE ratio of 25.62, a PEG ratio of 0.79 and a beta of 0.85. The stock has a fifty day simple moving average of $7.72 and a two-hundred day simple moving average of $6.92.
Institutional Trading of Mastech Digital
Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Mastech Digital in the 2nd quarter worth approximately $840,000. Janney Montgomery Scott LLC grew its holdings in Mastech Digital by 57.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company's stock valued at $121,000 after buying an additional 7,800 shares in the last quarter. &PARTNERS raised its position in shares of Mastech Digital by 15.8% during the fourth quarter. &PARTNERS now owns 12,510 shares of the company's stock valued at $87,000 after buying an additional 1,707 shares during the last quarter. Advyzon Investment Management LLC lifted its holdings in shares of Mastech Digital by 90.4% in the fourth quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company's stock worth $293,000 after buying an additional 19,956 shares in the last quarter. Finally, Indivisible Partners purchased a new position in shares of Mastech Digital in the fourth quarter worth $321,000. Hedge funds and other institutional investors own 18.43% of the company's stock.
About Mastech Digital
(
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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