Insider Buying: Mastech Digital (NYSE:MHH) Major Shareholder Acquires 5,000 Shares

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 to 55,000 shares.
• Mastech Digital shares opened at $7.50, with a market capitalization of approximately $90.1 million and a 52-week trading range of $5.50 to $8.37.
• Institutional ownership stands at 18.43%, with several investment firms recently increasing their positions in the company.

Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw purchased 5,000 shares of the stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $7.47 per share, with a total value of $37,350.00. Following the completion of the acquisition, the insider directly owned 55,000 shares of the company's stock, valued at approximately $410,850. This represents a 10.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Mastech Digital Price Performance

NYSE MHH opened at $7.50 on Monday. Mastech Digital, Inc. has a one year low of $5.50 and a one year high of $8.37. The firm has a market cap of $90.10 million, a P/E ratio of 25.86, a P/E/G ratio of 0.79 and a beta of 0.85. The stock's 50-day moving average is $7.72 and its 200-day moving average is $6.92.

Institutional Investors Weigh In On Mastech Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in MHH. &PARTNERS increased its holdings in Mastech Digital by 15.8% during the 4th quarter. &PARTNERS now owns 12,510 shares of the company's stock worth $87,000 after purchasing an additional 1,707 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Mastech Digital in the first quarter valued at about $148,000. Janney Montgomery Scott LLC boosted its position in shares of Mastech Digital by 57.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company's stock worth $121,000 after buying an additional 7,800 shares during the period. Cetera Investment Advisers grew its holdings 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 buying an additional 3,975 shares in the last quarter. Finally, Advyzon Investment Management LLC raised its position in Mastech Digital by 90.4% in the 4th quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company's stock valued at $293,000 after buying an additional 19,956 shares during the last quarter. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.

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