Two Sigma Advisers LP acquired a new stake in Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,400 shares of the technology company's stock, valued at approximately $278,000. Two Sigma Advisers LP owned approximately 0.06% of Gravity as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Ranmore Fund Management Ltd acquired a new stake in Gravity in the 4th quarter valued at about $5,664,000. Boston Partners acquired a new stake in Gravity in the 4th quarter valued at about $869,000. Arrowstreet Capital Limited Partnership increased its position in 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 in the last quarter. Two Sigma Investments LP increased its position in Gravity by 67.8% in the 4th quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company's stock valued at $1,055,000 after acquiring an additional 6,754 shares in the last quarter. Finally, Trexquant Investment LP increased its position in 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 acquiring an additional 6,352 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company's stock.
Gravity Price Performance
Shares of NASDAQ GRVY traded down $1.42 during mid-day trading on Tuesday, hitting $63.85. The company's stock had a trading volume of 21,418 shares, compared to its average volume of 24,532. The stock has a market cap of $443.69 million, a price-to-earnings ratio of 7.11 and a beta of 1.27. Gravity Co., Ltd. has a one year low of $53.12 and a one year high of $87.99. The company's fifty day simple moving average is $61.58 and its 200-day simple moving average is $61.50.
Gravity (NASDAQ:GRVY - Get Free Report) last announced its earnings results 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 firm had revenue of $93.23 million for the quarter.
Gravity Company 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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