Gamco Investors INC. ET AL Has $2.01 Million Holdings in Intevac, Inc. (NASDAQ:IVAC)

Gamco Investors INC. ET AL increased its holdings in Intevac, Inc. (NASDAQ:IVAC) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,428 shares of the electronics maker’s stock after purchasing an additional 71,100 shares during the period. Gamco Investors INC. ET AL owned approximately 2.19% of Intevac worth $2,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Intevac during the 3rd quarter worth about $49,000. Geode Capital Management LLC raised its stake in shares of Intevac by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after acquiring an additional 8,063 shares in the last quarter. Marquette Asset Management LLC lifted its holdings in Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in Intevac during the fourth quarter worth approximately $1,562,000. Finally, Renaissance Technologies LLC grew its holdings in Intevac by 7.8% during the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock valued at $2,108,000 after purchasing an additional 44,804 shares during the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Intevac in a research note on Monday. They issued a “sell” rating for the company.

Intevac Price Performance

IVAC stock opened at $4.00 on Friday. The stock has a market capitalization of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62. The company has a 50-day moving average of $3.99 and a two-hundred day moving average of $3.51. Intevac, Inc. has a 52-week low of $2.46 and a 52-week high of $4.42.

Intevac Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Monday, March 24th. Intevac’s payout ratio is -60.61%.

Intevac Profile

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.