Mastech Digital (NYSE:MHH) Major Shareholder Steven Shaw Buys 2,500 Shares of Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw acquired 2,500 shares of Mastech Digital stock in a transaction that occurred on Monday, October 19th. The stock was acquired at an average cost of $6.44 per share, with a total value of $16,100.00. Following the completion of the purchase, the insider owned 57,500 shares in the company, valued at approximately $370,300. This represents a 4.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mastech Digital Trading Up 0.3%

Shares of NYSE MHH opened at $6.40 on Thursday. Mastech Digital, Inc. has a one year low of $5.50 and a one year high of $8.37. The firm has a market capitalization of $76.88 million, a PE ratio of 22.07, a PEG ratio of 0.79 and a beta of 0.86. The business has a 50-day moving average price of $7.19 and a two-hundred day moving average price of $7.15.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Mastech Digital during the 2nd quarter valued at $840,000. NewEdge Advisors LLC grew its holdings in shares of Mastech Digital by 144.9% during the 2nd quarter. NewEdge Advisors LLC now owns 29,695 shares of the company’s stock valued at $230,000 after acquiring an additional 17,569 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Mastech Digital by 57.9% in the first quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company’s stock valued at $121,000 after purchasing an additional 7,800 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

About Mastech Digital

Mastech Digital, Inc is a digital services and information technology staffing company headquartered in Pittsburgh, Pennsylvania. The company helps organizations address technology and workforce needs through digital transformation services and the placement of skilled IT professionals.

Its digital services include data and analytics, cloud and digital engineering, application development, modernization, automation, and related technology consulting. Mastech Digital also provides contract, contract-to-hire, and direct-hire staffing services for areas such as software development, data management, enterprise applications, infrastructure, and other specialized IT functions.

Founded in 1986, the company has served clients across industries including financial services, healthcare, manufacturing, retail, and technology.