Flower City Capital Makes New Investment in Gravity Co., Ltd. (NASDAQ:GRVY)

Flower City Capital bought a new stake in Gravity Co., Ltd. (NASDAQ:GRVY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,004 shares of the technology company’s stock, valued at approximately $253,000. Flower City Capital owned 0.06% of Gravity as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GRVY. GAMMA Investing LLC raised its stake in Gravity by 162.4% during the fourth quarter. GAMMA Investing LLC now owns 690 shares of the technology company’s stock worth $44,000 after acquiring an additional 427 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Gravity in the 3rd quarter valued at approximately $117,000. BNP Paribas Financial Markets boosted its position in Gravity by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock valued at $1,609,000 after buying an additional 3,030 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in shares of Gravity during the third quarter worth $2,977,000. Finally, Creative Planning increased its holdings in shares of Gravity by 7.3% during the second quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after buying an additional 260 shares in the last quarter. Institutional investors own 9.92% of the company’s stock.

Gravity Price Performance

Gravity stock opened at $60.20 on Monday. The business has a 50 day moving average of $64.30 and a 200-day moving average of $65.74. The company has a market capitalization of $418.39 million, a P/E ratio of 6.70 and a beta of 1.33. Gravity Co., Ltd. has a 1 year low of $57.37 and a 1 year high of $88.85.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gravity from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

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.