Two Sigma Investments LP grew its stake in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 67.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,716 shares of the technology company's stock after purchasing an additional 6,754 shares during the period. Two Sigma Investments LP owned about 0.24% of Gravity worth $1,055,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRVY. Signaturefd LLC boosted its position in shares of Gravity by 111.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the technology company's stock valued at $27,000 after buying an additional 223 shares during the last quarter. WealthCollab LLC lifted its stake in Gravity by 91.6% during the 4th quarter. WealthCollab LLC now owns 979 shares of the technology company's stock valued at $62,000 after acquiring an additional 468 shares in the last quarter. Apis Capital Advisors LLC boosted its holdings in Gravity by 7.5% during the 4th 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 during the last quarter. Citadel Advisors LLC bought a new stake in shares of Gravity in the 4th quarter worth $204,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Gravity in the 4th quarter worth $342,000. 9.92% of the stock is owned by institutional investors.
Gravity Trading Up 0.3%
Shares of GRVY traded up $0.19 during trading hours on Friday, reaching $63.05. 18,595 shares of the stock traded hands, compared to its average volume of 24,681. Gravity Co., Ltd. has a 52 week low of $53.12 and a 52 week high of $88.45. The company has a market cap of $438.13 million, a price-to-earnings ratio of 7.02 and a beta of 1.27. The stock has a fifty day simple moving average of $61.51 and a 200 day simple moving average of $61.54.
Gravity (NASDAQ:GRVY - Get Free Report) last announced its earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share for the quarter. The firm had revenue of $93.23 million for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.
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.
Further Reading
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