Woodline Partners LP lessened its holdings in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 83.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,683 shares of the technology company's stock after selling 29,202 shares during the quarter. Woodline Partners LP owned approximately 0.08% of Gravity worth $359,000 at the end of the most recent quarter.
A number of other large investors 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 $5,664,000. Arrowstreet Capital Limited Partnership increased its holdings 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 purchasing an additional 8,014 shares in the last quarter. Apis Capital Advisors LLC increased its holdings in Gravity by 7.5% in the 4th quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock valued at $1,262,000 after purchasing an additional 1,400 shares in the last quarter. Two Sigma Investments LP increased its holdings 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 purchasing an additional 6,754 shares in the last quarter. Finally, Boston Partners acquired a new stake in Gravity in the 4th quarter valued at $869,000. Hedge funds and other institutional investors own 9.92% of the company's stock.
Gravity Price Performance
NASDAQ GRVY traded down $0.84 during trading hours on Friday, hitting $64.46. The company had a trading volume of 2,073 shares, compared to its average volume of 25,718. The firm's 50 day moving average is $61.24 and its 200 day moving average is $61.68. The company has a market capitalization of $447.93 million, a price-to-earnings ratio of 7.18 and a beta of 1.32. Gravity Co., Ltd. has a fifty-two week low of $53.12 and a fifty-two week high of $88.85.
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 company had revenue of $93.23 million during the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%.
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.
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