Nano Cap New Millennium Growth Fund L P bought a new position in shares of GRAVITY Co., Ltd. (NASDAQ:GRVY – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,500 shares of the technology company’s stock, valued at approximately $1,476,000. GRAVITY accounts for about 1.3% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 21st largest holding. Nano Cap New Millennium Growth Fund L P owned approximately 0.37% of GRAVITY at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its position in GRAVITY by 11.3% during the 2nd quarter. Bank of America Corp DE now owns 2,782 shares of the technology company’s stock worth $177,000 after acquiring an additional 282 shares during the period. Signaturefd LLC boosted its position in GRAVITY by 63.4% during the 4th quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock worth $55,000 after acquiring an additional 372 shares during the period. Farther Finance Advisors LLC boosted its position in GRAVITY by 19,866.7% during the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the technology company’s stock worth $35,000 after acquiring an additional 596 shares during the period. Quadrant Capital Group LLC acquired a new stake in GRAVITY during the 3rd quarter worth about $78,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in GRAVITY by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,644 shares of the technology company’s stock worth $644,000 after acquiring an additional 1,248 shares during the period. 9.92% of the stock is owned by institutional investors and hedge funds.
GRAVITY Stock Down 2.1%
GRAVITY stock opened at $62.05 on Friday. The company’s fifty day simple moving average is $62.14 and its 200-day simple moving average is $61.49. GRAVITY Co., Ltd. has a 12 month low of $54.54 and a 12 month high of $74.75. The stock has a market cap of $431.25 million, a P/E ratio of 8.50 and a beta of 0.99.
About GRAVITY
Gravity Co, Ltd is a South Korea–based developer and publisher of online games, best known for creating the Ragnarok franchise. Since its founding in 2000 by industry veteran Kim Sang-young, the company has specialized in massively multiplayer online role‐playing games (MMORPGs) and related digital content. Over the years, Gravity has expanded its portfolio beyond its flagship title to include sequels, spin-offs and mobile adaptations targeted at a global audience.
The company’s product lineup centers on PC and mobile MMORPGs built on the Ragnarok intellectual property.
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