Ranmore Fund Management Ltd Acquires Shares of 89,744 Gravity Co., Ltd. (NASDAQ:GRVY)

Ranmore Fund Management Ltd acquired a new position in shares of Gravity Co., Ltd. (NASDAQ:GRVY) during the 4th quarter, Holdings Channel reports. The firm acquired 89,744 shares of the technology company’s stock, valued at approximately $5,664,000. Gravity makes up 5.2% of Ranmore Fund Management Ltd’s holdings, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Gravity during the fourth quarter worth about $342,000. GAMMA Investing LLC grew its position in shares of Gravity by 162.4% during the 4th quarter. GAMMA Investing LLC now owns 690 shares of the technology company’s stock worth $44,000 after purchasing an additional 427 shares in the last quarter. Boston Partners acquired a new position in shares of Gravity during the 4th quarter worth approximately $869,000. Signaturefd LLC increased its holdings in shares of Gravity by 111.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the technology company’s stock worth $27,000 after purchasing an additional 223 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Gravity in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 9.92% of the company’s stock.

Gravity Price Performance

Shares of NASDAQ:GRVY opened at $58.38 on Monday. The business’s 50 day simple moving average is $59.59 and its 200 day simple moving average is $61.88. Gravity Co., Ltd. has a 1 year low of $53.12 and a 1 year high of $88.85. The company has a market capitalization of $405.68 million, a P/E ratio of 6.50 and a beta of 1.29.

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.