Insider Buying: Mastech Digital (NYSE:MHH) Major Shareholder Buys $13,926.00 in Stock

Mastech Digital, Inc. (NYSE:MHH) major shareholder Steven Shaw acquired 2,200 shares of the stock in a transaction on Tuesday, October 20th. The shares were bought at an average cost of $6.33 per share, for a total transaction of $13,926.00. Following the purchase, the insider directly owned 59,700 shares of the company’s stock, valued at $377,901. The trade was a 3.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Mastech Digital Stock Up 2.7%

Shares of NYSE:MHH opened at $6.38 on Wednesday. The business has a fifty day moving average of $7.21 and a two-hundred day moving average of $7.15. The stock has a market cap of $76.64 million, a P/E ratio of 22.00, a PEG ratio of 0.79 and a beta of 0.86. Mastech Digital, Inc. has a 52-week low of $5.50 and a 52-week high of $8.37.

Institutional Investors Weigh In On Mastech Digital

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Mastech Digital in the second quarter valued at about $840,000. NewEdge Advisors LLC increased its position in Mastech Digital by 144.9% during the second 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. Finally, Janney Montgomery Scott LLC raised its stake in Mastech Digital by 57.9% during the first 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 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.