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

Dimensional Fund Advisors LP increased its stake in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 227,350 shares of the company’s stock after acquiring an additional 5,236 shares during the period. Dimensional Fund Advisors LP’s holdings in Mastech Digital were worth $1,705,000 as of its most recent filing with the SEC.

Separately, Capital Management Corp VA grew its holdings in Mastech Digital by 0.5% in the 1st 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 institutional investors and hedge funds.

Mastech Digital Price Performance

MHH opened at $10.00 on Friday. The firm has a 50 day simple moving average of $9.86. Mastech Digital, Inc. has a 12-month low of $7.15 and a 12-month high of $10.90. The firm has a market cap 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 (NYSE:MHH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. The company had revenue of $49.53 million during the quarter, compared to the consensus estimate of $48.10 million. As a group, equities research analysts expect that Mastech Digital, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Mastech Digital in a report on Thursday. They issued a “buy” rating on the stock.

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.