Intevac, Inc. (NASDAQ:IVAC) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC boosted its holdings in Intevac, Inc. (NASDAQ:IVAC) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,299 shares of the electronics maker’s stock after acquiring an additional 5,800 shares during the quarter. Gabelli Funds LLC’s holdings in Intevac were worth $1,079,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IVAC. Renaissance Technologies LLC grew its stake in shares of Intevac by 7.8% in the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock worth $2,108,000 after purchasing an additional 44,804 shares in the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Intevac during the fourth quarter valued at about $1,562,000. Geode Capital Management LLC lifted its holdings in Intevac by 2.9% in the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after purchasing an additional 8,063 shares during the period. Marquette Asset Management LLC grew its position in Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after buying an additional 14,888 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Intevac during the 3rd quarter valued at about $49,000. Institutional investors own 60.27% of the company’s stock.

Intevac Stock Performance

Shares of IVAC stock opened at $4.00 on Friday. Intevac, Inc. has a 1 year low of $2.46 and a 1 year high of $4.42. The business’s fifty day moving average is $4.00 and its 200-day moving average is $3.51. The stock has a market cap of $108.54 million, a PE ratio of -12.11 and a beta of 0.62.

Intevac Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.052 dividend. The ex-dividend date was Monday, March 24th. Intevac’s dividend payout ratio (DPR) is presently -60.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Intevac in a research note on Monday, April 14th. They issued a “sell” rating for the company.

About Intevac

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.