Ranmore Fund Management Ltd acquired a new stake in shares of Gravity Co., Ltd. (NASDAQ:GRVY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,744 shares of the technology company's stock, valued at approximately $5,664,000. Gravity accounts for about 5.2% of Ranmore Fund Management Ltd's investment portfolio, making the stock its 11th biggest holding. Ranmore Fund Management Ltd owned approximately 1.29% of Gravity at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trexquant Investment LP increased its holdings in Gravity by 91.4% during the 4th quarter. Trexquant Investment LP now owns 13,303 shares of the technology company's stock valued at $840,000 after purchasing an additional 6,352 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Gravity by 13.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock worth $4,228,000 after buying an additional 8,014 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Gravity during the fourth quarter valued at approximately $342,000. Boston Partners bought a new position in shares of Gravity during the fourth quarter valued at approximately $869,000. Finally, Signaturefd LLC lifted its stake in Gravity by 111.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the technology company's stock worth $27,000 after acquiring an additional 223 shares during the period. Institutional investors own 9.92% of the company's stock.
Gravity Price Performance
NASDAQ:GRVY traded up $1.34 during trading hours on Friday, hitting $60.77. The company had a trading volume of 23,214 shares, compared to its average volume of 29,024. Gravity Co., Ltd. has a 52 week low of $53.12 and a 52 week high of $88.85. The company has a market capitalization of $422.29 million, a PE ratio of 6.77 and a beta of 1.46. The stock has a 50-day moving average price of $59.05 and a 200 day moving average price of $61.77.
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.
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