Key Points
- Major shareholder Steven Shaw purchased 2,200 Mastech Digital shares at an average price of $6.33, increasing his direct ownership by 3.83% to 59,700 shares.
- Mastech Digital shares opened at $6.40, with a $76.88 million market capitalization and a 52-week trading range of $5.50 to $8.37.
- Institutional ownership stands at 18.43%, with NewEdge Advisors and Janney Montgomery Scott increasing their stakes while BlackRock acquired a new position.
Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw purchased 2,200 shares of the stock in a transaction dated Tuesday, October 20th. The shares were acquired at an average cost of $6.33 per share, with a total value of $13,926.00. Following the acquisition, the insider directly owned 59,700 shares in the company, valued at $377,901. This represents a 3.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Mastech Digital Stock Up 0.3%
Shares of MHH stock opened at $6.40 on Thursday. Mastech Digital, Inc. has a twelve month low of $5.50 and a twelve month high of $8.37. The company 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 business has a fifty day simple moving average of $7.19 and a 200 day simple moving average of $7.15.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MHH. NewEdge Advisors LLC lifted its holdings in shares of Mastech Digital by 144.9% in the second quarter. NewEdge Advisors LLC now owns 29,695 shares of the company's stock worth $230,000 after acquiring an additional 17,569 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Mastech Digital in the 2nd quarter valued at approximately $840,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Mastech Digital by 57.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company's stock valued at $121,000 after purchasing an additional 7,800 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company's stock.
Mastech Digital Company Profile
(
Get Free Report)
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.
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