GSA Capital Partners LLP Sells 1,255 Shares of Gravity Co., Ltd. (NASDAQ:GRVY)

GSA Capital Partners LLP reduced its position in Gravity Co., Ltd. (NASDAQ:GRVY) by 23.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,201 shares of the technology company’s stock after selling 1,255 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Gravity worth $249,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GRVY. QRG Capital Management Inc. acquired a new stake in shares of Gravity in the 2nd quarter valued at approximately $209,000. Caprock Group LLC acquired a new stake in shares of Gravity in the 2nd quarter valued at approximately $394,000. Creative Planning boosted its stake in shares of Gravity by 7.3% in the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock valued at $307,000 after purchasing an additional 260 shares in the last quarter. Apis Capital Advisors LLC boosted its stake in shares of Gravity by 88.9% in the 2nd quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock valued at $1,373,000 after purchasing an additional 8,000 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Gravity by 68.9% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the technology company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. 9.92% of the stock is owned by institutional investors.

Gravity Price Performance

NASDAQ:GRVY opened at $66.64 on Friday. The firm’s 50 day simple moving average is $62.63 and its 200 day simple moving average is $69.89. Gravity Co., Ltd. has a one year low of $57.37 and a one year high of $88.85. The company has a market cap of $463.15 million, a PE ratio of 7.42 and a beta of 1.34.

Analyst Upgrades and Downgrades

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

Gravity Profile

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.