Mastech Digital (NYSE:MHH) Major Shareholder Buys $13,926.00 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw purchased 2,200 shares of Mastech Digital stock in a transaction that occurred on Tuesday, October 20th. The stock was bought at an average cost of $6.33 per share, with a total value of $13,926.00. Following the completion of the transaction, the insider owned 59,700 shares of the company’s stock, valued at $377,901. The trade was a 3.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Mastech Digital Price Performance

NYSE MHH opened at $6.36 on Friday. The company has a fifty day moving average of $7.12 and a two-hundred day moving average of $7.15. The company has a market capitalization of $76.40 million, a PE ratio of 21.93, a P/E/G ratio of 0.79 and a beta of 0.86. Mastech Digital, Inc. has a 1 year low of $5.50 and a 1 year high of $8.37.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MHH. Janney Montgomery Scott LLC boosted its holdings in shares of 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 acquiring an additional 7,800 shares during the period. NewEdge Advisors LLC grew its position in shares of Mastech Digital by 144.9% during the second quarter. NewEdge Advisors LLC now owns 29,695 shares of the company’s stock worth $230,000 after acquiring an additional 17,569 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Mastech Digital during the third quarter worth approximately $280,000. Finally, BlackRock Inc. purchased a new position in shares of Mastech Digital during the second quarter worth approximately $840,000. 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.