Pekin Hardy Strauss Inc. acquired a new stake in Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 50,226 shares of the technology company's stock, valued at approximately $2,977,000. Pekin Hardy Strauss Inc. owned approximately 0.72% of Gravity at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Gravity by 68.9% in the second quarter. GAMMA Investing LLC now owns 321 shares of the technology company's stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Creative Planning lifted its stake in shares of 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 buying an additional 260 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Gravity during the second quarter valued at about $209,000. Caprock Group LLC bought a new stake in shares of Gravity during the second quarter worth about $394,000. Finally, Apis Capital Advisors LLC increased its position in shares of Gravity by 88.9% during the second quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company's stock valued at $1,373,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 9.92% of the company's stock.
Gravity Stock Up 2.5 %
Shares of Gravity stock traded up $1.64 during trading on Friday, hitting $66.64. 26,453 shares of the stock traded hands, compared to its average volume of 31,428. The stock has a market cap of $463.15 million, a price-to-earnings ratio of 7.42 and a beta of 1.34. The firm's fifty day moving average is $62.63 and its 200-day moving average is $69.90. Gravity Co., Ltd. has a 52 week low of $57.37 and a 52 week high of $88.85.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Gravity from a "hold" rating to a "buy" rating in a report on Thursday, November 14th.
Check Out Our Latest Stock Report on GRVY
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.
Further Reading
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