Goldman Sachs Group Inc. Sells 6,190 Shares of Mastech Digital, Inc. $MHH

Goldman Sachs Group Inc. decreased its stake in Mastech Digital, Inc. (NYSE:MHH) by 28.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,330 shares of the company’s stock after selling 6,190 shares during the period. Goldman Sachs Group Inc. owned about 0.13% of Mastech Digital worth $157,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital Management Corp VA raised its stake in shares of Mastech Digital by 12.6% during the first quarter. Capital Management Corp VA now owns 772,541 shares of the company’s stock valued at $7,888,000 after acquiring an additional 86,290 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Mastech Digital by 39.0% in the first quarter. Envestnet Asset Management Inc. now owns 195,264 shares of the company’s stock valued at $1,994,000 after buying an additional 54,766 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Mastech Digital by 30.8% in the first 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 in the last quarter. Cetera Investment Advisers lifted its stake in shares of Mastech Digital by 37.5% in the first 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 in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Mastech Digital during the fourth quarter valued at about $223,000. Institutional investors own 18.43% of the company’s stock.

Mastech Digital Price Performance

MHH opened at $7.70 on Tuesday. The firm has a market capitalization of $90.74 million, a P/E ratio of 26.55, a PEG ratio of 0.79 and a beta of 0.89. Mastech Digital, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $16.00. The company’s 50-day moving average is $7.62 and its 200 day moving average is $7.39.

Insider Buying and Selling

In related news, major shareholder Steven A. Shaw acquired 4,537 shares of the stock in a transaction on Friday, September 19th. The shares were acquired at an average price of $7.76 per share, with a total value of $35,207.12. Following the completion of the transaction, the insider owned 1,336,105 shares in the company, valued at approximately $10,368,174.80. The trade was a 0.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 16,705 shares of company stock valued at $131,132 over the last 90 days. Insiders own 43.00% of the company’s stock.

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.