Acuitas Investments LLC Invests $710,000 in Intevac, Inc. (NASDAQ:IVAC)

Acuitas Investments LLC purchased a new position in shares of Intevac, Inc. (NASDAQ:IVAC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 164,268 shares of the electronics maker’s stock, valued at approximately $710,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVAC. Gamco Investors INC. ET AL raised its position in shares of Intevac by 41.1% in the third quarter. Gamco Investors INC. ET AL now owns 552,435 shares of the electronics maker’s stock valued at $1,718,000 after purchasing an additional 160,935 shares during the period. Gabelli Funds LLC raised its holdings in Intevac by 44.2% in the 3rd quarter. Gabelli Funds LLC now owns 317,052 shares of the electronics maker’s stock worth $986,000 after acquiring an additional 97,254 shares during the period. Teton Advisors Inc. lifted its position in Intevac by 3.3% during the 3rd quarter. Teton Advisors Inc. now owns 317,000 shares of the electronics maker’s stock worth $986,000 after acquiring an additional 10,000 shares during the last quarter. Potomac Capital Management Inc. boosted its holdings in Intevac by 48.6% during the third quarter. Potomac Capital Management Inc. now owns 260,000 shares of the electronics maker’s stock valued at $809,000 after acquiring an additional 85,000 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Intevac by 59.8% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 249,511 shares of the electronics maker’s stock valued at $776,000 after purchasing an additional 93,400 shares during the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.

Intevac Stock Up 2.4 %

NASDAQ:IVAC traded up $0.10 during trading hours on Friday, reaching $4.19. The company had a trading volume of 36,513 shares, compared to its average volume of 69,122. Intevac, Inc. has a one year low of $3.07 and a one year high of $6.48. The stock has a 50-day moving average of $3.82 and a two-hundred day moving average of $3.88. The firm has a market capitalization of $111.37 million, a PE ratio of -8.91 and a beta of 0.73.

Intevac (NASDAQ:IVAC) last announced its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. Intevac had a negative return on equity of 9.31% and a negative net margin of 23.15%. The business had revenue of $9.63 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Intevac from a “sell” rating to a “hold” rating in a research report on Monday, February 19th.

Intevac Company 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.