GRAVITY Co., Ltd. $GRVY Position Lifted by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP increased its holdings in GRAVITY Co., Ltd. by 63.5%, owning 45,656 shares, which constitutes about 2.2% of its portfolio.
• GRAVITY received a downgrade from Wall Street Zen, changing its rating from "buy" to "hold."
• As of the last reporting period, institutional investors hold approximately 9.92% of GRAVITY's stock, indicating growing investor interest.

Militia Capital Partners LP raised its position in GRAVITY Co., Ltd. (NASDAQ:GRVY - Free Report) by 63.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,656 shares of the technology company's stock after acquiring an additional 17,738 shares during the quarter. GRAVITY makes up approximately 2.2% of Militia Capital Partners LP's portfolio, making the stock its 13th biggest position. Militia Capital Partners LP owned 0.66% of GRAVITY worth $2,762,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealthquest Corp purchased a new position in shares of GRAVITY in the 1st quarter valued at about $202,000. Citadel Advisors LLC purchased a new position in shares of GRAVITY during the fourth quarter worth about $204,000. Charles Schwab Investment Management Inc. acquired a new position in GRAVITY during the first quarter worth approximately $212,000. Two Sigma Advisers LP acquired a new position in GRAVITY during the fourth quarter worth approximately $278,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of GRAVITY by 143.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,828 shares of the technology company's stock valued at $305,000 after purchasing an additional 2,846 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded GRAVITY from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd.

GRAVITY Trading Down 0.9%

Shares of NASDAQ GRVY traded down $0.59 during trading on Wednesday, reaching $63.86. The company had a trading volume of 3,930 shares, compared to its average volume of 14,401. The stock has a market capitalization of $443.83 million, a PE ratio of 7.66 and a beta of 1.05. The stock has a 50-day moving average price of $64.08 and a two-hundred day moving average price of $62.08. GRAVITY Co., Ltd. has a twelve month low of $53.12 and a twelve month high of $70.00.

GRAVITY (NASDAQ:GRVY - Get Free Report) last released its earnings results on Friday, August 8th. The technology company reported $1.41 EPS for the quarter. GRAVITY had a return on equity of 17.45% and a net margin of 17.60%.The firm had revenue of $126.15 million during the quarter.

GRAVITY Company Profile

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.