Mastech Digital, Inc. (NYSE:MHH) Major Shareholder Buys $24,237.20 in Stock

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

Mastech Digital Stock Performance

Shares of NYSE MHH traded up $0.59 during midday trading on Thursday, reaching $8.29. 8,751 shares of the company's stock were exchanged, compared to its average volume of 21,601. The stock has a market capitalization of $97.52 million, a PE ratio of 28.58, a price-to-earnings-growth ratio of 0.79 and a beta of 0.73. Mastech Digital, Inc. has a 52-week low of $6.20 and a 52-week high of $16.00. The business's fifty day moving average price is $6.84 and its two-hundred day moving average price is $7.58.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Mastech Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Management Corp VA raised its stake in Mastech Digital by 12.6% during the 1st quarter. Capital Management Corp VA now owns 772,541 shares of the company's stock valued at $7,888,000 after purchasing an additional 86,290 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mastech Digital by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company's stock valued at $3,557,000 after acquiring an additional 3,922 shares during the last quarter. Envestnet Asset Management Inc. raised 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 worth $1,994,000 after acquiring an additional 54,766 shares during the period. Renaissance Technologies LLC grew its position in shares of Mastech Digital by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 111,727 shares of the company's stock valued at $1,665,000 after acquiring an additional 2,600 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Mastech Digital by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock valued at $766,000 after purchasing an additional 3,631 shares during the period. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.