DGS Capital Management LLC reduced its holdings in Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) by 50.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,810 shares of the technology company's stock after selling 5,938 shares during the period. DGS Capital Management LLC owned about 0.08% of Gravity worth $367,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Flower City Capital purchased a new stake in shares of Gravity in the 4th quarter valued at $253,000. GAMMA Investing LLC lifted its stake in shares of Gravity by 162.4% in the 4th quarter. GAMMA Investing LLC now owns 690 shares of the technology company's stock valued at $44,000 after purchasing an additional 427 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Gravity in the 3rd quarter valued at $117,000. BNP Paribas Financial Markets lifted its stake in shares of Gravity by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company's stock valued at $1,609,000 after purchasing an additional 3,030 shares during the period. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Gravity in the 3rd quarter valued at $2,977,000. 9.92% of the stock is owned by hedge funds and other institutional investors.
Gravity Stock Performance
Shares of GRVY traded up $2.56 during trading hours on Friday, hitting $62.30. The stock had a trading volume of 23,204 shares, compared to its average volume of 19,028. The firm has a 50-day moving average price of $63.69 and a 200 day moving average price of $65.14. Gravity Co., Ltd. has a fifty-two week low of $57.37 and a fifty-two week high of $88.85. The firm has a market capitalization of $432.99 million, a price-to-earnings ratio of 6.94 and a beta of 1.33.
Gravity (NASDAQ:GRVY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $2.45 earnings per share for the quarter. The company had revenue of $97.63 million during 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 shares of Gravity from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th.
Check Out Our Latest Analysis on GRVY
Gravity Company Profile
(
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.
Recommended Stories
Before you consider Gravity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gravity wasn't on the list.
While Gravity currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
