Flower City Capital Takes $253,000 Position in Gravity Co., Ltd. (NASDAQ:GRVY)

Flower City Capital bought a new position in shares of Gravity Co., Ltd. (NASDAQ:GRVY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,004 shares of the technology company’s stock, valued at approximately $253,000.

A number of other large investors have also bought and sold shares of GRVY. Apis Capital Advisors LLC grew its stake in Gravity by 88.9% in the second quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock valued at $1,373,000 after acquiring an additional 8,000 shares during the period. Creative Planning increased its stake in Gravity by 7.3% during 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. Pekin Hardy Strauss Inc. purchased a new stake in shares of Gravity in the third quarter worth approximately $2,977,000. BNP Paribas Financial Markets boosted its position in shares of Gravity by 12.6% during the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock valued at $1,609,000 after buying an additional 3,030 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Gravity during the third quarter worth $117,000. 9.92% of the stock is currently owned by institutional investors and hedge funds.

Gravity Trading Down 2.3 %

Gravity stock opened at $60.20 on Monday. The business’s 50 day simple moving average is $64.30 and its 200 day simple moving average is $65.74. Gravity Co., Ltd. has a 12 month low of $57.37 and a 12 month high of $88.85. The company has a market cap of $418.39 million, a price-to-earnings ratio of 6.70 and a beta of 1.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gravity from a “hold” rating to a “buy” rating in a report 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.