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Two Sigma Investments LP Grows Position in Gravity Co., Ltd. (NASDAQ:GRVY)

Gravity logo with Computer and Technology background

Two Sigma Investments LP grew its holdings in Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,716 shares of the technology company's stock after acquiring an additional 6,754 shares during the quarter. Two Sigma Investments LP owned about 0.24% of Gravity worth $1,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its stake in Gravity by 111.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the technology company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Boston Partners acquired a new position in shares of Gravity in the 4th quarter valued at $869,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Gravity in the 4th quarter valued at $342,000. Arrowstreet Capital Limited Partnership raised its stake in Gravity by 13.6% during the 4th 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. Finally, Trexquant Investment LP raised its stake in Gravity by 91.4% during the 4th quarter. Trexquant Investment LP now owns 13,303 shares of the technology company's stock worth $840,000 after acquiring an additional 6,352 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company's stock.

Gravity Stock Performance

NASDAQ GRVY traded up $2.22 during trading hours on Monday, hitting $65.27. The company had a trading volume of 10,557 shares, compared to its average volume of 24,624. The business has a 50 day moving average of $61.51 and a 200-day moving average of $61.51. The company has a market cap of $453.56 million, a PE ratio of 7.27 and a beta of 1.27. Gravity Co., Ltd. has a 1-year low of $53.12 and a 1-year high of $88.45.

Gravity (NASDAQ:GRVY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The technology company reported $2.15 earnings per share for the quarter. The business had revenue of $93.23 million during the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.

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.

See Also

Institutional Ownership by Quarter for Gravity (NASDAQ:GRVY)

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