GAMMA Investing LLC Has $933,000 Stake in Gravity Co., Ltd. (NASDAQ:GRVY)

GAMMA Investing LLC raised its holdings in Gravity Co., Ltd. (NASDAQ:GRVY) by 2,135.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,428 shares of the technology company’s stock after acquiring an additional 14,738 shares during the period. GAMMA Investing LLC owned about 0.22% of Gravity worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GRVY. Signaturefd LLC grew its stake in Gravity by 111.5% in 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 period. Boston Partners acquired a new position in Gravity in the fourth quarter valued at about $869,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Gravity in the fourth quarter valued at about $342,000. Arrowstreet Capital Limited Partnership grew its stake in Gravity by 13.6% in the fourth 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 during the period. Finally, Trexquant Investment LP grew its stake in Gravity by 91.4% in the fourth 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 during the period. 9.92% of the stock is owned by institutional investors and hedge funds.

Gravity Price Performance

Shares of Gravity stock opened at $64.25 on Tuesday. Gravity Co., Ltd. has a one year low of $53.12 and a one year high of $85.74. The firm has a market cap of $446.47 million, a price-to-earnings ratio of 7.15 and a beta of 1.27. The stock’s 50-day moving average is $62.23 and its 200-day moving average is $61.42.

Gravity (NASDAQ:GRVY) last released its earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share (EPS) for the quarter. The business had revenue of $93.23 million for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Gravity from a “hold” rating to a “buy” rating in a research note on Saturday.

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.