Mastech Digital (NYSE:MHH) Stock: Insider Steven Shaw Acquires 2,500 Shares

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The stock was bought at an average price of $6.44 per share, with a total value of $16,100.00. Following the transaction, the insider directly owned 57,500 shares in the company, valued at $370,300. This trade represents a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Mastech Digital Stock Up 0.0%

Shares of MHH stock traded up $0.00 during trading hours on Wednesday, reaching $6.38. 5,024 shares of the stock traded hands, compared to its average volume of 15,495. Mastech Digital, Inc. has a 1-year low of $5.50 and a 1-year high of $8.37. The firm has a market capitalization of $76.68 million, a PE ratio of 22.29, a PEG ratio of 0.79 and a beta of 0.86. The business has a fifty day moving average price of $7.21 and a 200 day moving average price of $7.15.

Institutional Investors Weigh In On Mastech Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. BlackRock Inc. purchased a new stake in shares of Mastech Digital during the second quarter worth $840,000. NewEdge Advisors LLC grew its holdings in Mastech Digital by 144.9% during the second quarter. NewEdge Advisors LLC now owns 29,695 shares of the company’s stock valued at $230,000 after purchasing an additional 17,569 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised 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 period. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Mastech Digital Company Profile

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.