Boston Partners Buys New Stake in Gravity Co., Ltd. (NASDAQ:GRVY)

Boston Partners purchased a new position in Gravity Co., Ltd. (NASDAQ:GRVY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,776 shares of the technology company’s stock, valued at approximately $869,000.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Gravity by 111.5% in 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 last quarter. GAMMA Investing LLC grew its holdings in Gravity by 162.4% during the 4th quarter. GAMMA Investing LLC now owns 690 shares of the technology company’s stock valued at $44,000 after buying an additional 427 shares in the last quarter. R Squared Ltd bought a new stake in Gravity in the 4th quarter worth approximately $52,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Gravity during the 3rd quarter worth approximately $117,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Gravity by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock valued at $1,609,000 after acquiring an additional 3,030 shares during the last quarter. Hedge funds and other institutional investors own 9.92% of the company’s stock.

Gravity Stock Performance

Shares of GRVY opened at $58.40 on Friday. The stock has a market capitalization of $405.82 million, a PE ratio of 6.50 and a beta of 1.29. The company’s fifty day moving average is $59.66 and its 200 day moving average is $61.96. Gravity Co., Ltd. has a fifty-two week low of $53.12 and a fifty-two week high of $88.85.

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.