Trexquant Investment LP lifted its stake in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 91.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,303 shares of the technology company's stock after acquiring an additional 6,352 shares during the period. Trexquant Investment LP owned approximately 0.19% of Gravity worth $840,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its stake in Gravity by 13.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock worth $4,228,000 after purchasing an additional 8,014 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Gravity in the 4th quarter worth approximately $342,000. Boston Partners purchased a new stake in Gravity in the fourth quarter worth approximately $869,000. Signaturefd LLC grew its position in 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 acquiring an additional 223 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Gravity during the fourth quarter worth approximately $52,000. 9.92% of the stock is currently owned by hedge funds and other institutional investors.
Gravity Stock Down 0.5 %
Shares of Gravity stock traded down $0.29 during trading on Thursday, reaching $59.44. The company's stock had a trading volume of 1,259 shares, compared to its average volume of 28,776. Gravity Co., Ltd. has a 52-week low of $53.12 and a 52-week high of $88.85. The firm's 50-day moving average is $58.90 and its two-hundred day moving average is $61.78. The company has a market cap of $413.01 million, a price-to-earnings ratio of 6.62 and a beta of 1.46.
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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