Dimensional Fund Advisors LP Has $1.71 Million Stake in Mastech Digital, Inc. (NYSE:MHH)

Dimensional Fund Advisors LP grew its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,350 shares of the company’s stock after buying an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent quarter.

Separately, Capital Management Corp VA lifted its position in shares of Mastech Digital by 0.5% in the first quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after buying an additional 4,180 shares during the last quarter. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Mastech Digital in a research report on Thursday. They issued a “buy” rating for the company.

Mastech Digital Stock Performance

Shares of NYSE MHH opened at $10.00 on Friday. The company has a market capitalization of $116.34 million, a price-to-earnings ratio of -15.38, a P/E/G ratio of 1.35 and a beta of 0.47. Mastech Digital, Inc. has a 1-year low of $7.15 and a 1-year high of $10.90. The business’s 50 day moving average price is $9.86.

Mastech Digital (NYSE:MHH) last announced its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The company had revenue of $49.53 million for the quarter, compared to analyst estimates of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. On average, research analysts predict that Mastech Digital, Inc. will post 0.39 earnings per share for the current fiscal year.

About Mastech Digital

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.