Kera Capital Partners Inc. Invests $40,000 in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Kera Capital Partners Inc. bought a new stake in Golden Matrix Group, Inc. (NASDAQ:GMGI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in Golden Matrix Group by 56.0% during the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after buying an additional 8,408 shares during the last quarter. XTX Topco Ltd acquired a new stake in Golden Matrix Group during the 2nd quarter worth about $30,000. Rhumbline Advisers bought a new position in shares of Golden Matrix Group in the 2nd quarter worth about $43,000. Barclays PLC lifted its stake in shares of Golden Matrix Group by 332.6% in the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after purchasing an additional 22,420 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Golden Matrix Group by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock valued at $1,270,000 after purchasing an additional 32,182 shares in the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

Golden Matrix Group Trading Down 6.8 %

Shares of GMGI opened at $2.04 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. Golden Matrix Group, Inc. has a 52-week low of $1.86 and a 52-week high of $6.27. The stock’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.33.

Insiders Place Their Bets

In related news, insider Aleksandar Milovanovic bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of $2.35 per share, with a total value of $58,750.00. Following the transaction, the insider now directly owns 77,462,970 shares of the company’s stock, valued at approximately $182,037,979.50. This represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders bought 49,596 shares of company stock valued at $121,380. Insiders own 23.20% of the company’s stock.

Golden Matrix Group Company Profile

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.