Mastech Digital, Inc. (NYSE:MHH) Major Shareholder Steven A. Shaw Buys 3,068 Shares

Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven A. Shaw acquired 3,068 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of $7.90 per share, with a total value of $24,237.20. Following the transaction, the insider directly owned 1,322,468 shares of the company's stock, valued at $10,447,497.20. This represents a 0.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Mastech Digital Stock Up 0.8%

Shares of MHH traded up $0.07 during trading hours on Monday, reaching $8.03. 2,638 shares of the company traded hands, compared to its average volume of 21,268. The stock has a market capitalization of $94.41 million, a PE ratio of 27.67, a price-to-earnings-growth ratio of 0.79 and a beta of 0.73. Mastech Digital, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $16.00. The stock has a fifty day simple moving average of $6.87 and a 200 day simple moving average of $7.57.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Mastech Digital from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Hedge Funds Weigh In On Mastech Digital

Large investors have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Mastech Digital by 24.1% during the 4th quarter. Barclays PLC now owns 8,120 shares of the company's stock valued at $122,000 after buying an additional 1,576 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Mastech Digital by 17.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company's stock valued at $118,000 after buying an additional 2,500 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Mastech Digital by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 111,727 shares of the company's stock valued at $1,665,000 after buying an additional 2,600 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mastech Digital by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock valued at $766,000 after buying an additional 3,631 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Mastech Digital by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company's stock valued at $3,557,000 after buying an additional 3,922 shares during the period. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

Mastech Digital Company Profile

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.