Dimensional Fund Advisors LP Has $3.56 Million Stock Holdings in Intevac, Inc. (NASDAQ:IVAC)

Dimensional Fund Advisors LP decreased its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,045,648 shares of the electronics maker’s stock after selling 16,789 shares during the period. Dimensional Fund Advisors LP’s holdings in Intevac were worth $3,555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IVAC. Marquette Asset Management LLC lifted its position in Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after buying an additional 14,888 shares in the last quarter. Marshall Wace LLP acquired a new position in Intevac during the 4th quarter worth about $321,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Intevac by 11.3% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 277,390 shares of the electronics maker’s stock worth $943,000 after buying an additional 28,200 shares in the last quarter. Gabelli Funds LLC lifted its position in Intevac by 1.9% during the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock worth $1,079,000 after buying an additional 5,800 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in Intevac during the 4th quarter worth about $1,562,000. Institutional investors and hedge funds own 60.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Intevac in a research report on Thursday, May 8th. They set a “sell” rating on the stock.

Intevac Trading Down 0.1%

Shares of NASDAQ:IVAC opened at $4.00 on Wednesday. The stock has a market capitalization of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. Intevac, Inc. has a 1-year low of $2.46 and a 1-year high of $4.25. The business has a 50-day moving average price of $4.00 and a two-hundred day moving average price of $3.57.

Intevac Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.052 per share. The ex-dividend date was Monday, March 24th. Intevac’s dividend payout ratio is currently -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.