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

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

Mastech Digital Price Performance

Mastech Digital stock opened at $6.30 on Friday. The company has a market cap of $75.68 million, a price-to-earnings ratio of 21.72, a P/E/G ratio of 0.79 and a beta of 0.86. The firm has a 50-day moving average of $7.15 and a 200-day moving average of $7.15. Mastech Digital, Inc. has a one year low of $5.50 and a one year high of $8.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its position in shares of Mastech Digital by 144.9% during the 2nd quarter. NewEdge Advisors LLC now owns 29,695 shares of the company’s stock worth $230,000 after purchasing an additional 17,569 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Mastech Digital during the 2nd quarter worth approximately $840,000. Finally, Janney Montgomery Scott LLC raised its stake 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 purchasing an additional 7,800 shares in the last quarter. 18.43% of the stock is owned by institutional investors and hedge funds.

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.