Capital Management Corp VA Increases Stake in Mastech Digital, Inc. $MHH

Key Points

• Capital Management Corp VA increased its stake in Mastech Digital, Inc. by 14.1% in the 2nd quarter, owning approximately 7.49% of the company valued at $6.32 million.
• Several institutional investors, including Cetera Investment Advisers and HighTower Advisors LLC, have significantly increased their holdings in Mastech Digital during the last two quarters.
• Mastech Digital's stock has a market cap of $82.25 million, with a 52-week low of $6.20 and a high of $16.00.

Capital Management Corp VA grew its position in Mastech Digital, Inc. (NYSE:MHH - Free Report) by 14.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 881,578 shares of the company's stock after buying an additional 109,037 shares during the period. Capital Management Corp VA owned approximately 7.49% of Mastech Digital worth $6,321,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MHH. Cetera Investment Advisers raised its holdings in Mastech Digital by 37.5% in the 1st quarter. Cetera Investment Advisers now owns 21,132 shares of the company's stock worth $216,000 after acquiring an additional 5,761 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Mastech Digital by 30.8% in the first quarter. HighTower Advisors LLC now owns 43,426 shares of the company's stock worth $443,000 after purchasing an additional 10,233 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Mastech Digital by 39.0% during the first quarter. Envestnet Asset Management Inc. now owns 195,264 shares of the company's stock valued at $1,994,000 after purchasing an additional 54,766 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Mastech Digital by 17.9% during the second quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company's stock valued at $118,000 after purchasing an additional 2,500 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Mastech Digital in the 1st quarter worth about $148,000. Hedge funds and other institutional investors own 18.43% of the company's stock.

Mastech Digital Stock Performance

Shares of NYSE:MHH opened at $6.98 on Wednesday. The business has a 50-day simple moving average of $7.55 and a two-hundred day simple moving average of $7.35. The firm has a market cap of $82.25 million, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88. Mastech Digital, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $16.00.

Insiders Place Their Bets

In related news, major shareholder Steven A. Shaw bought 4,800 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were bought at an average price of $7.78 per share, for a total transaction of $37,344.00. Following the completion of the acquisition, the insider owned 1,328,068 shares of the company's stock, valued at $10,332,369.04. This trade represents a 0.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 12,837 shares of company stock worth $100,551 in the last 90 days. 48.60% of the stock is owned by corporate insiders.

About Mastech Digital

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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