Mastech Digital, Inc. (NYSE:MHH) Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,350 shares of the company’s stock after acquiring an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned approximately 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent reporting period.

Separately, Capital Management Corp VA lifted its stake in Mastech Digital by 0.5% during the first quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after purchasing an additional 4,180 shares during the last quarter. Institutional investors own 18.43% of the company’s stock.

Mastech Digital Trading Down 4.6 %

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

Mastech Digital (NYSE:MHH) last issued its earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $49.53 million during the quarter, compared to analysts’ expectations 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 forecast that Mastech Digital, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Mastech Digital in a research note on Thursday. They set a “buy” rating for the company.

Mastech Digital Company Profile

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.