DGS Capital Management LLC Takes $273,000 Position in Gravity Co., Ltd. (NASDAQ:GRVY)

DGS Capital Management LLC acquired a new stake in Gravity Co., Ltd. (NASDAQ:GRVY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,921 shares of the technology company’s stock, valued at approximately $273,000.

A number of other institutional investors have also modified their holdings of GRVY. Envestnet Asset Management Inc. grew its stake in shares of Gravity by 856.9% in the first quarter. Envestnet Asset Management Inc. now owns 132,584 shares of the technology company’s stock valued at $239,000 after buying an additional 118,728 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Gravity by 124.1% in the third quarter. Acadian Asset Management LLC now owns 157,738 shares of the technology company’s stock valued at $10,858,000 after purchasing an additional 87,354 shares during the period. State Street Corp purchased a new position in Gravity in the second quarter valued at $2,108,000. O Shaughnessy Asset Management LLC purchased a new position in Gravity in the first quarter valued at $1,257,000. Finally, Quadrature Capital Ltd purchased a new position in Gravity in the third quarter valued at $900,000. 9.92% of the stock is owned by institutional investors and hedge funds.

Gravity Stock Performance

GRVY opened at $66.80 on Wednesday. The business’s 50-day simple moving average is $71.37 and its 200-day simple moving average is $69.26. Gravity Co., Ltd. has a one year low of $51.76 and a one year high of $82.48. The stock has a market capitalization of $464.26 million, a P/E ratio of 4.29 and a beta of 0.87.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gravity from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th.

Gravity Company Profile

Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.