Ranmore Fund Management Ltd Makes New Investment in Gravity Co., Ltd. (NASDAQ:GRVY)

Ranmore Fund Management Ltd acquired a new position in shares of Gravity Co., Ltd. (NASDAQ:GRVY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 89,744 shares of the technology company’s stock, valued at approximately $5,664,000. Gravity comprises 5.2% of Ranmore Fund Management Ltd’s holdings, making the stock its 11th largest position. Ranmore Fund Management Ltd owned about 1.29% of Gravity at the end of the most recent quarter.

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

Gravity Stock Down 2.9 %

Shares of NASDAQ GRVY opened at $58.38 on Monday. Gravity Co., Ltd. has a twelve month low of $53.12 and a twelve month high of $88.85. The business’s 50 day moving average price is $59.59 and its two-hundred day moving average price is $61.88. The company has a market cap of $405.68 million, a PE ratio of 6.50 and a beta of 1.29.

Gravity Company 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.