Mastech Digital (NYSE:MHH) Major Shareholder Steven Shaw Buys 5,000 Shares of Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $7.47 per share, for a total transaction of $37,350.00. Following the acquisition, the insider directly owned 55,000 shares of the company’s stock, valued at $410,850. The trade was a 10.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mastech Digital Trading Down 0.9%

NYSE:MHH opened at $7.43 on Tuesday. The company has a market cap of $89.26 million, a PE ratio of 25.62, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The company has a 50 day simple moving average of $7.72 and a two-hundred day simple moving average of $6.92. Mastech Digital, Inc. has a 12 month low of $5.50 and a 12 month high of $8.37.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Mastech Digital in the 2nd quarter worth $840,000. Capital Management Corp VA lifted its position in Mastech Digital by 7.1% during the fourth quarter. Capital Management Corp VA now owns 862,329 shares of the company’s stock valued at $6,019,000 after purchasing an additional 57,420 shares in the last quarter. Indivisible Partners purchased a new position in Mastech Digital during the fourth quarter valued at $321,000. Advyzon Investment Management LLC grew its holdings in Mastech Digital by 90.4% during the fourth quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company’s stock valued at $293,000 after purchasing an additional 19,956 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in Mastech Digital during the first quarter valued at about $148,000. Institutional investors own 18.43% of the company’s stock.

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.