Boston Partners Has $879,000 Stake in GRAVITY Co., Ltd. $GRVY

Boston Partners boosted its holdings in shares of GRAVITY Co., Ltd. (NASDAQ:GRVY) by 5.4% in the first quarter, HoldingsChannel reports. The firm owned 14,525 shares of the technology company’s stock after acquiring an additional 749 shares during the period. Boston Partners’ holdings in GRAVITY were worth $879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GRVY. GAMMA Investing LLC increased its stake in shares of GRAVITY by 2,135.9% in the 1st quarter. GAMMA Investing LLC now owns 15,428 shares of the technology company’s stock valued at $933,000 after buying an additional 14,738 shares during the period. Two Sigma Investments LP increased its stake in shares of GRAVITY by 67.8% in the 4th quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company’s stock valued at $1,055,000 after buying an additional 6,754 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of GRAVITY in the 4th quarter valued at $278,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of GRAVITY in the 1st quarter valued at $212,000. Finally, Wealthquest Corp acquired a new stake in shares of GRAVITY in the 1st quarter valued at $202,000. 9.92% of the stock is owned by institutional investors and hedge funds.

GRAVITY Stock Performance

NASDAQ GRVY opened at $66.16 on Monday. The stock has a fifty day moving average of $63.61 and a 200-day moving average of $61.62. The stock has a market capitalization of $459.81 million, a P/E ratio of 7.93 and a beta of 1.23. GRAVITY Co., Ltd. has a 52 week low of $53.12 and a 52 week high of $70.00.

GRAVITY (NASDAQ:GRVY) last posted its quarterly earnings results on Friday, August 8th. The technology company reported $1.41 earnings per share (EPS) for the quarter. GRAVITY had a return on equity of 17.45% and a net margin of 17.60%. The business had revenue of $126.15 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised GRAVITY from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th.

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.