James Investment Research Inc. Buys Shares of 12,126 Mastech Digital, Inc. $MHH

James Investment Research Inc. bought a new stake in shares of Mastech Digital, Inc. (NYSE:MHH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,126 shares of the company’s stock, valued at approximately $87,000.

A number of other hedge funds have also made changes to their positions in the company. Capital Management Corp VA raised its holdings in shares of Mastech Digital by 14.1% during the second quarter. Capital Management Corp VA now owns 881,578 shares of the company’s stock valued at $6,321,000 after acquiring an additional 109,037 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Mastech Digital by 17.9% during the second quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company’s stock valued at $118,000 after acquiring an additional 2,500 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Mastech Digital during the first quarter valued at approximately $148,000. HighTower Advisors LLC raised its holdings in shares of Mastech Digital by 30.8% during the first quarter. HighTower Advisors LLC now owns 43,426 shares of the company’s stock valued at $443,000 after acquiring an additional 10,233 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Mastech Digital by 37.5% during the first quarter. Cetera Investment Advisers now owns 21,132 shares of the company’s stock valued at $216,000 after acquiring an additional 5,761 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

Mastech Digital Price Performance

MHH stock opened at $7.08 on Wednesday. The business has a 50 day simple moving average of $7.46 and a 200-day simple moving average of $7.25. The firm has a market capitalization of $83.43 million, a PE ratio of 24.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88. Mastech Digital, Inc. has a 1 year low of $6.20 and a 1 year high of $16.00.

Insider Activity

In related news, major shareholder Steven A. Shaw purchased 4,537 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of $7.76 per share, for a total transaction of $35,207.12. Following the completion of the transaction, the insider directly owned 1,336,105 shares of the company’s stock, valued at approximately $10,368,174.80. This trade represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 12,837 shares of company stock valued at $100,551 in the last ninety days. 43.00% of the stock is owned by corporate insiders.

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.