Access Investment Management LLC Makes New Investment in Mastech Digital, Inc. $MHH

Access Investment Management LLC purchased a new stake in shares of Mastech Digital, Inc. (NYSE:MHH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 119,830 shares of the company’s stock, valued at approximately $859,000. Access Investment Management LLC owned approximately 1.02% of Mastech Digital at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted 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 acquiring an additional 2,500 shares during the last quarter. Cetera Investment Advisers raised its stake in Mastech Digital by 37.5% during the 1st quarter. Cetera Investment Advisers now owns 21,132 shares of the company’s stock valued at $216,000 after buying an additional 5,761 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Mastech Digital by 30.8% during the 1st quarter. HighTower Advisors LLC now owns 43,426 shares of the company’s stock valued at $443,000 after buying an additional 10,233 shares during the period. James Investment Research Inc. bought a new position in Mastech Digital in the second quarter valued at about $87,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Mastech Digital during the 1st quarter valued at $148,000. 18.43% of the stock is owned by hedge funds and other institutional investors.

Mastech Digital Stock Down 3.5%

Shares of MHH opened at $6.90 on Monday. The stock has a market cap of $81.31 million, a price-to-earnings ratio of 23.79, a PEG ratio of 0.79 and a beta of 0.88. The business has a 50-day simple moving average of $7.44 and a two-hundred day simple moving average of $7.25. Mastech Digital, Inc. has a 52 week low of $6.20 and a 52 week high of $16.00.

Insider Activity

In related news, major shareholder Steven A. Shaw bought 4,537 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average price of $7.76 per share, for a total transaction of $35,207.12. Following the completion of the transaction, the insider owned 1,336,105 shares in the company, valued at $10,368,174.80. The trade was a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 12,837 shares of company stock worth $100,551 in the last quarter. Company insiders own 43.00% of the company’s stock.

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.