GAMMA Investing LLC boosted its stake in shares of GRAVITY Co., Ltd. (NASDAQ:GRVY - Free Report) by 2,135.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,428 shares of the technology company's stock after purchasing an additional 14,738 shares during the period. GAMMA Investing LLC owned 0.22% of GRAVITY worth $933,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Ranmore Fund Management Ltd bought a new position in shares of GRAVITY in the fourth quarter valued at $5,664,000. Boston Partners acquired a new stake in GRAVITY in the fourth quarter valued at $869,000. Arrowstreet Capital Limited Partnership grew its position in shares of GRAVITY by 13.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock valued at $4,228,000 after acquiring an additional 8,014 shares during the period. Two Sigma Investments LP increased its stake in shares of GRAVITY by 67.8% during the 4th quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company's stock worth $1,055,000 after purchasing an additional 6,754 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of GRAVITY by 91.4% in the 4th 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 during the period. 9.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded GRAVITY from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.
Get Our Latest Stock Report on GRVY
GRAVITY Stock Down 0.8%
Shares of GRVY stock traded down $0.49 during trading on Friday, reaching $61.63. 4,337 shares of the company's stock were exchanged, compared to its average volume of 23,859. GRAVITY Co., Ltd. has a twelve month low of $53.12 and a twelve month high of $85.09. The firm's fifty day moving average price is $62.43 and its 200-day moving average price is $61.39. The stock has a market capitalization of $428.29 million, a PE ratio of 7.48 and a beta of 1.27.
GRAVITY (NASDAQ:GRVY - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The technology company reported $2.15 EPS for the quarter. The firm had revenue of $93.23 million for the quarter. GRAVITY had a net margin of 19.17% and a return on equity of 18.07%.
GRAVITY Profile
(
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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