Cubist Systematic Strategies LLC Grows Holdings in Intevac, Inc. (NASDAQ:IVAC)

Cubist Systematic Strategies LLC raised its position in Intevac, Inc. (NASDAQ:IVAC) by 203.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,713 shares of the electronics maker’s stock after buying an additional 7,180 shares during the period. Cubist Systematic Strategies LLC’s holdings in Intevac were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Intevac by 7.8% in the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock valued at $2,108,000 after buying an additional 44,804 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Intevac by 13.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock worth $2,007,000 after purchasing an additional 71,100 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in shares of Intevac during the fourth quarter worth about $1,562,000. Gabelli Funds LLC increased its stake in shares of Intevac by 1.9% during the fourth quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock worth $1,079,000 after purchasing an additional 5,800 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Intevac by 11.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 277,390 shares of the electronics maker’s stock worth $943,000 after purchasing an additional 28,200 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Intevac in a research note on Friday. They set a “sell” rating for the company.

Intevac Stock Down 0.1%

IVAC stock opened at $4.00 on Tuesday. The stock has a market capitalization of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. The firm has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $3.60. Intevac, Inc. has a 52 week low of $2.46 and a 52 week high of $4.25.

Intevac Dividend Announcement

The firm also recently disclosed 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 was Monday, March 24th. Intevac’s dividend payout ratio is presently -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.