Mastech Digital (NYSE:MHH) Major Shareholder Acquires $24,200.00 in Stock

Key Points

• Major shareholder Steven Shaw purchased 4,000 shares at $6.05 on April 9 for $24,200, raising his direct holdings to 44,000 shares (a 10% increase); the trade was disclosed in an SEC filing.
• Mastech Digital stock traded up about 1.5% to $6.41 on low volume; the company has a 52-week range of $5.50–$9.48, a market cap of ~$75.96M, and a P/E of 22.09.
• Institutional ownership stands at roughly 18.43%, with several funds (notably Capital Management Corp VA) recently adding to or initiating positions in MHH.

Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average price of $6.05 per share, with a total value of $24,200.00. Following the completion of the transaction, the insider directly owned 44,000 shares of the company's stock, valued at $266,200. This represents a 10.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Mastech Digital Stock Up 1.5%

NYSE:MHH traded up $0.10 during midday trading on Monday, hitting $6.41. The company had a trading volume of 935 shares, compared to its average volume of 14,981. Mastech Digital, Inc. has a 52-week low of $5.50 and a 52-week high of $9.48. The stock's fifty day moving average price is $6.32 and its 200-day moving average price is $6.88. The company has a market capitalization of $75.96 million, a PE ratio of 22.09, a P/E/G ratio of 0.79 and a beta of 0.82.

Institutional Trading of Mastech Digital

Several hedge funds have recently added to or reduced their stakes in MHH. Capital Management Corp VA lifted its stake in Mastech Digital by 7.1% in the fourth quarter. Capital Management Corp VA now owns 862,329 shares of the company's stock worth $6,019,000 after purchasing an additional 57,420 shares during the last quarter. Indivisible Partners bought a new stake in Mastech Digital in the fourth quarter worth $321,000. Advyzon Investment Management LLC bought a new stake in Mastech Digital in the third quarter worth $168,000. NewEdge Advisors LLC bought a new stake in Mastech Digital in the first quarter worth $148,000. Finally, Cetera Investment Advisers lifted its stake in Mastech Digital by 18.8% in the second quarter. Cetera Investment Advisers now owns 25,107 shares of the company's stock worth $180,000 after purchasing an additional 3,975 shares during the last quarter. 18.43% of the stock is owned by institutional investors.

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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