Militia Capital Management LLC Acquires Shares of 61,800 GRAVITY Co., Ltd. $GRVY

Militia Capital Management LLC purchased a new position in shares of GRAVITY Co., Ltd. (NASDAQ:GRVY) during the first quarter, HoldingsChannel reports. The firm purchased 61,800 shares of the technology company’s stock, valued at approximately $3,829,000. GRAVITY comprises 0.8% of Militia Capital Management LLC’s portfolio, making the stock its 21st biggest position.

Several other large investors have also recently bought and sold shares of the business. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of GRAVITY in the fourth quarter valued at about $1,476,000. Farther Finance Advisors LLC increased its position in GRAVITY by 19,866.7% during the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the technology company’s stock worth $35,000 after purchasing an additional 596 shares in the last quarter. Signaturefd LLC raised its position in shares of GRAVITY by 63.4% in the fourth quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock valued at $55,000 after buying an additional 372 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of GRAVITY by 76.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,094 shares of the technology company’s stock worth $390,000 after purchasing an additional 2,637 shares during the period. Finally, Ranmore Fund Management Ltd lifted its position in GRAVITY by 55.7% during the fourth quarter. Ranmore Fund Management Ltd now owns 139,744 shares of the technology company’s stock worth $8,087,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 9.92% of the company’s stock.

GRAVITY Stock Performance

GRVY opened at $61.18 on Thursday. The stock has a market capitalization of $425.20 million, a PE ratio of 8.38 and a beta of 1.01. The company’s 50 day simple moving average is $62.88 and its 200 day simple moving average is $63.19. GRAVITY Co., Ltd. has a 1 year low of $54.54 and a 1 year high of $74.75.

GRAVITY Company Profile

Gravity Co, Ltd is a South Korea–based developer and publisher of online games, best known for creating the Ragnarok franchise. Since its founding in 2000 by industry veteran Kim Sang-young, the company has specialized in massively multiplayer online role‐playing games (MMORPGs) and related digital content. Over the years, Gravity has expanded its portfolio beyond its flagship title to include sequels, spin-offs and mobile adaptations targeted at a global audience.

The company’s product lineup centers on PC and mobile MMORPGs built on the Ragnarok intellectual property.