Mastech Digital (NYSE:MHH) Stock: Insider Steven Shaw Acquires 2,200 Shares

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

Mastech Digital Price Performance

NYSE:MHH opened at $6.30 on Friday. The business has a fifty day simple moving average of $7.15 and a two-hundred day simple moving average of $7.15. Mastech Digital, Inc. has a 1 year low of $5.50 and a 1 year high of $8.37. The company has a market capitalization of $75.68 million, a P/E ratio of 21.72, a P/E/G ratio of 0.79 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in Mastech Digital by 57.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company’s stock worth $121,000 after acquiring an additional 7,800 shares during the last quarter. NewEdge Advisors LLC raised its stake in Mastech Digital by 144.9% in 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, BlackRock Inc. purchased a new stake in Mastech Digital during the second quarter valued at about $840,000. 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.