Mastech Digital (NYSE:MHH) Major Shareholder Steven Shaw Purchases 2,200 Shares of Company Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw acquired 2,200 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 59,700 shares of the company’s stock, valued at $377,901. This trade represents a 3.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Stock Up 0.3%

MHH stock opened at $6.40 on Thursday. Mastech Digital, Inc. has a 12 month low of $5.50 and a 12 month high of $8.37. The firm has a market cap of $76.88 million, a P/E ratio of 22.07, a P/E/G ratio of 0.79 and a beta of 0.86. The company’s 50-day moving average price is $7.19 and its two-hundred day moving average price is $7.15.

Institutional Trading of Mastech Digital

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Mastech Digital by 57.9% during 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 in the last quarter. NewEdge Advisors LLC increased its stake in Mastech Digital by 144.9% in the second 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 last quarter. Finally, BlackRock Inc. acquired a new position in Mastech Digital during the second quarter valued at approximately $840,000. Institutional investors and hedge funds 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.