R Squared Ltd Takes Position in Gravity Co., Ltd. (NASDAQ:GRVY)

R Squared Ltd acquired a new position in shares of Gravity Co., Ltd. (NASDAQ:GRVY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 820 shares of the technology company’s stock, valued at approximately $52,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Gravity by 162.4% during the fourth quarter. GAMMA Investing LLC now owns 690 shares of the technology company’s stock valued at $44,000 after buying an additional 427 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Gravity during the 3rd quarter worth approximately $117,000. Flower City Capital purchased a new stake in Gravity during the fourth quarter valued at approximately $253,000. Creative Planning boosted its stake in Gravity by 7.3% in the second quarter. Creative Planning now owns 3,801 shares of the technology company’s stock valued at $307,000 after acquiring an additional 260 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 3,030 shares during the last quarter. Institutional investors own 9.92% of the company’s stock.

Gravity Stock Down 0.1 %

GRVY opened at $61.92 on Friday. The company has a market cap of $430.34 million, a P/E ratio of 6.90 and a beta of 1.33. The firm’s 50-day moving average price is $63.22 and its 200-day moving average price is $64.60. Gravity Co., Ltd. has a 52-week low of $57.37 and a 52-week high of $88.85.

Gravity (NASDAQ:GRVY) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $2.45 earnings per share (EPS) for the quarter. The business had revenue of $97.63 million for the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%.

Analyst Ratings Changes

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

Gravity Profile

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.