Insider Buying: Mastech Digital (NYSE:MHH) Major Shareholder Purchases $16,100.00 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw acquired 2,500 shares of the business’s stock in a transaction on Monday, October 19th. The shares were purchased at an average price of $6.44 per share, for a total transaction of $16,100.00. Following the transaction, the insider directly owned 57,500 shares of the company’s stock, valued at approximately $370,300. The trade was a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mastech Digital Trading Up 1.0%

Shares of MHH opened at $6.36 on Friday. Mastech Digital, Inc. has a twelve month low of $5.50 and a twelve month high of $8.37. The company has a market cap of $76.40 million, a P/E ratio of 21.93, a P/E/G ratio of 0.79 and a beta of 0.86. The company’s fifty day simple moving average is $7.12 and its 200-day simple moving average is $7.15.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Mastech Digital in the second quarter worth approximately $840,000. Simplicity Wealth LLC bought a new stake in shares of Mastech Digital during the 3rd quarter worth approximately $280,000. NewEdge Advisors LLC boosted its holdings in 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 during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Mastech Digital by 57.9% during the 1st 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. Institutional investors 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.