Gravity Co., Ltd. (NASDAQ:GRVY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Gravity Co., Ltd. (NASDAQ:GRVY) by 162.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 690 shares of the technology company’s stock after purchasing an additional 427 shares during the quarter. GAMMA Investing LLC’s holdings in Gravity were worth $44,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pekin Hardy Strauss Inc. acquired a new stake in Gravity in the third quarter worth about $2,977,000. Creative Planning raised its position in Gravity by 7.3% in the second quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after acquiring an additional 260 shares in the last quarter. Apis Capital Advisors LLC raised its position in Gravity by 88.9% in the second quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock worth $1,373,000 after acquiring an additional 8,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Gravity in the third quarter worth about $117,000. Finally, BNP Paribas Financial Markets raised its position in Gravity by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock worth $1,609,000 after acquiring an additional 3,030 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company’s stock.

Gravity Trading Up 0.1 %

Shares of Gravity stock opened at $60.14 on Tuesday. The company’s 50-day moving average price is $64.71 and its two-hundred day moving average price is $66.26. Gravity Co., Ltd. has a 52 week low of $57.37 and a 52 week high of $88.85. The stock has a market cap of $417.91 million, a PE ratio of 6.70 and a beta of 1.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Gravity from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

About Gravity

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.