Aristides Capital LLC Cuts Stake in Intevac, Inc. (NASDAQ:IVAC)

Aristides Capital LLC reduced its position in Intevac, Inc. (NASDAQ:IVAC) by 71.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,998 shares of the electronics maker’s stock after selling 57,119 shares during the period. Aristides Capital LLC owned 0.09% of Intevac worth $78,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of Intevac in the third quarter valued at approximately $49,000. Geode Capital Management LLC grew its position in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after purchasing an additional 8,063 shares in the last quarter. Marquette Asset Management LLC increased its holdings in shares of Intevac by 29.0% in the fourth 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 period. Finally, Peapod Lane Capital LLC purchased a new stake in shares of Intevac in the fourth quarter worth $1,562,000. 60.27% of the stock is currently owned by hedge funds and other institutional investors.

Intevac Price Performance

Shares of IVAC opened at $4.00 on Tuesday. Intevac, Inc. has a 1 year low of $2.46 and a 1 year high of $4.42. The stock has a 50 day simple moving average of $3.89 and a two-hundred day simple moving average of $3.47. The firm has a market cap of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62.

Intevac Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Intevac in a report on Sunday. They set a “sell” rating for the company.

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.