Intevac, Inc. (NASDAQ:IVAC), saw an insider raise his position with the company through a purchase of shares that was officially filed today. Director Stanley J. Hill acquired 10,000 shares of common stock at an average price of $6.16 per share.
Following this transaction, Hill now has a total of 67,000 shares directly invested in Intevac, Inc. (NASDAQ:IVAC), the $151.91 million market cap company that provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic (PV) industry.
In addition, there are multiple hedge funds involved with the company. First Eagle Investment Management, the hedge fund run by Jean-Marie Eveillard, decreased its activity by 2% last quarter and now has 3,510,384 shares worth about $34 million invested in the company; while Chuck Royce‘s Royce & Associates fund rose it’s holdings by 18% last quarter, and now has 1,554,971 shares worth around $15 million involved with the equipment corporation.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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