Caprock Group LLC Has $232,000 Stake in Gravity Co., Ltd. (NASDAQ:GRVY)

Caprock Group LLC trimmed its stake in Gravity Co., Ltd. (NASDAQ:GRVY) by 15.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,674 shares of the technology company’s stock after selling 685 shares during the period. Caprock Group LLC owned 0.05% of Gravity worth $232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Gravity by 162.4% in the fourth 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. R Squared Ltd bought a new position in Gravity in the 4th quarter worth $52,000. Public Employees Retirement System of Ohio acquired a new position in Gravity during the 3rd quarter worth $117,000. Creative Planning boosted its holdings in Gravity by 7.3% during 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 during the period. Finally, Flower City Capital bought a new stake in Gravity during the 4th quarter valued at approximately $253,000. 9.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Gravity Stock Performance

Shares of Gravity stock opened at $62.99 on Friday. The firm has a market cap of $437.72 million, a P/E ratio of 7.01 and a beta of 1.32. Gravity Co., Ltd. has a twelve month low of $57.37 and a twelve month high of $88.85. The firm’s 50-day simple moving average is $63.05 and its 200-day simple moving average is $64.24.

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

About Gravity

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.