Nano Cap New Millennium Growth Fund L P Buys Shares of 25,500 GRAVITY Co., Ltd. $GRVY

Nano Cap New Millennium Growth Fund L P bought a new stake in shares of GRAVITY Co., Ltd. (NASDAQ:GRVY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 25,500 shares of the technology company’s stock, valued at approximately $1,476,000. GRAVITY comprises approximately 1.3% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of GRAVITY by 19,866.7% in 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. Signaturefd LLC boosted its position in shares of GRAVITY by 63.4% during the 4th quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock valued at $55,000 after acquiring an additional 372 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of GRAVITY during the 3rd quarter valued at about $78,000. Bank of America Corp DE boosted its position in shares of GRAVITY by 11.3% during the 2nd quarter. Bank of America Corp DE now owns 2,782 shares of the technology company’s stock valued at $177,000 after acquiring an additional 282 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of GRAVITY during the 3rd quarter valued at about $216,000. Institutional investors own 9.92% of the company’s stock.

GRAVITY Stock Performance

Shares of GRAVITY stock opened at $62.05 on Friday. The firm’s 50-day simple moving average is $62.14 and its 200-day simple moving average is $61.49. GRAVITY Co., Ltd. has a twelve month low of $54.54 and a twelve month high of $74.75. The firm has a market cap of $431.25 million, a P/E ratio of 8.50 and a beta of 0.99.

GRAVITY (NASDAQ:GRVY) last issued its earnings results on Friday, April 10th. The technology company reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $78.53 million during the quarter. GRAVITY had a return on equity of 11.44% and a net margin of 12.63%.

GRAVITY Company Profile

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.