DGS Capital Management LLC Has $367,000 Holdings in Gravity Co., Ltd. (NASDAQ:GRVY)

DGS Capital Management LLC trimmed its holdings in shares of Gravity Co., Ltd. (NASDAQ:GRVY) by 50.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,810 shares of the technology company’s stock after selling 5,938 shares during the quarter. DGS Capital Management LLC’s holdings in Gravity were worth $367,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Gravity by 162.4% during 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 last quarter. Public Employees Retirement System of Ohio bought a new stake in Gravity during the third quarter worth approximately $117,000. Flower City Capital acquired a new position in Gravity during the fourth quarter valued at approximately $253,000. Creative Planning raised its position in shares of Gravity by 7.3% in the second quarter. Creative Planning now owns 3,801 shares of the technology company’s stock valued at $307,000 after purchasing an additional 260 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Gravity by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company’s stock worth $1,609,000 after buying an additional 3,030 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors.

Gravity Stock Performance

Shares of NASDAQ:GRVY opened at $62.30 on Friday. The stock’s 50-day moving average is $63.69 and its 200-day moving average is $65.25. The company has a market cap of $432.99 million, a P/E ratio of 6.94 and a beta of 1.33. Gravity Co., Ltd. has a 52-week low of $57.37 and a 52-week high of $88.85.

Gravity (NASDAQ:GRVY) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $2.45 EPS for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%. The company had revenue of $97.63 million for the quarter.

Wall Street Analysts Forecast Growth

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

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.