Quadrature Capital Ltd Has $645,000 Position in Gravity Co., Ltd. (NASDAQ:GRVY)

Quadrature Capital Ltd lessened its holdings in Gravity Co., Ltd. (NASDAQ:GRVY) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,268 shares of the technology company’s stock after selling 3,766 shares during the quarter. Quadrature Capital Ltd owned 0.13% of Gravity worth $645,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its position in shares of Gravity by 6.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 23,809 shares of the technology company’s stock valued at $1,643,000 after acquiring an additional 1,501 shares during the period. BNP Paribas Financial Markets lifted its position in Gravity by 112.1% during the fourth quarter. BNP Paribas Financial Markets now owns 11,202 shares of the technology company’s stock worth $779,000 after purchasing an additional 5,920 shares during the period. DGS Capital Management LLC bought a new stake in Gravity during the fourth quarter worth about $273,000. Jump Financial LLC lifted its position in Gravity by 12.0% during the fourth quarter. Jump Financial LLC now owns 3,707 shares of the technology company’s stock worth $258,000 after purchasing an additional 398 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Gravity by 15.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,371 shares of the technology company’s stock worth $234,000 after purchasing an additional 458 shares during the period. Institutional investors own 9.92% of the company’s stock.

Gravity Trading Up 0.9 %

Shares of NASDAQ GRVY opened at $84.34 on Friday. The company has a market cap of $586.16 million, a price-to-earnings ratio of 6.37 and a beta of 1.20. Gravity Co., Ltd. has a 12 month low of $59.00 and a 12 month high of $88.85. The stock has a 50-day moving average price of $74.06 and a two-hundred day moving average price of $71.89.

Gravity (NASDAQ:GRVY) last issued its earnings results on Thursday, May 9th. The technology company reported $2.87 EPS for the quarter. The firm had revenue of $119.78 million during the quarter. Gravity had a return on equity of 46.65% and a net margin of 16.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Gravity from a “buy” rating to a “hold” rating in a research report on Wednesday.

Gravity Profile

Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.