Militia Capital Partners LP Increases Holdings in GRAVITY Co., Ltd. $GRVY

Militia Capital Partners LP increased its holdings in shares of GRAVITY Co., Ltd. (NASDAQ:GRVY) by 63.5% in the first quarter, Holdings Channel reports. The firm owned 45,656 shares of the technology company’s stock after acquiring an additional 17,738 shares during the period. GRAVITY makes up 2.2% of Militia Capital Partners LP’s portfolio, making the stock its 13th biggest position. Militia Capital Partners LP’s holdings in GRAVITY were worth $2,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GRVY. Acadian Asset Management LLC boosted its position in GRAVITY by 8.7% during the 1st quarter. Acadian Asset Management LLC now owns 233,983 shares of the technology company’s stock worth $14,126,000 after purchasing an additional 18,826 shares during the period. GAMMA Investing LLC boosted its position in 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 last quarter. Two Sigma Investments LP boosted its position in 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 last quarter. Two Sigma Advisers LP purchased a new position in GRAVITY in the 4th quarter valued at about $278,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in GRAVITY in the 1st quarter valued at about $212,000. 9.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of GRAVITY from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd.

GRAVITY Price Performance

NASDAQ:GRVY opened at $64.51 on Friday. The firm has a 50-day moving average of $64.08 and a two-hundred day moving average of $61.91. The stock has a market cap of $448.34 million, a P/E ratio of 7.74 and a beta of 1.05. GRAVITY Co., Ltd. has a 1-year low of $53.12 and a 1-year high of $70.00.

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

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.