BNP Paribas Financial Markets decreased its stake in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,002 shares of the technology company's stock after selling 4,135 shares during the period. BNP Paribas Financial Markets owned approximately 0.33% of Gravity worth $1,452,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Ranmore Fund Management Ltd bought a new stake in shares of Gravity during the fourth quarter worth $5,664,000. Arrowstreet Capital Limited Partnership increased its position in shares of Gravity by 13.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock worth $4,228,000 after acquiring an additional 8,014 shares in the last quarter. Apis Capital Advisors LLC increased its position in shares of Gravity by 7.5% during the fourth quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock worth $1,262,000 after acquiring an additional 1,400 shares in the last quarter. Boston Partners bought a new position in Gravity in the fourth quarter valued at $869,000. Finally, Trexquant Investment LP grew its position in Gravity by 91.4% in the fourth quarter. Trexquant Investment LP now owns 13,303 shares of the technology company's stock valued at $840,000 after purchasing an additional 6,352 shares in the last quarter. Institutional investors own 9.92% of the company's stock.
Gravity Stock Performance
Gravity stock traded down $0.80 during mid-day trading on Friday, reaching $63.36. The company's stock had a trading volume of 3,179 shares, compared to its average volume of 26,005. The company has a market capitalization of $440.29 million, a price-to-earnings ratio of 7.06 and a beta of 1.32. Gravity Co., Ltd. has a 12 month low of $53.12 and a 12 month high of $88.85. The business's 50 day simple moving average is $60.61 and its 200 day simple moving average is $61.67.
Gravity (NASDAQ:GRVY - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The technology company reported $2.15 EPS for the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%. The company had revenue of $93.23 million during the quarter.
About Gravity
(
Free Report)
Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.
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