Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases $90,000.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 50,000 shares of the stock in a transaction on Monday, February 3rd. The stock was acquired at an average cost of $1.80 per share, with a total value of $90,000.00. Following the completion of the purchase, the insider now directly owns 77,834,303 shares of the company’s stock, valued at $140,101,745.40. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Aleksandar Milovanovic also recently made the following trade(s):

• On Tuesday, November 12th, Aleksandar Milovanovic acquired 1,499 shares of Golden Matrix Group stock. The stock was bought at an average price of $2.69 per share, with a total value of $4,032.31.
• On Wednesday, November 6th, Aleksandar Milovanovic purchased 14,038 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.69 per share, with a total value of $37,762.22.

Golden Matrix Group Stock Up 1.1 %

Shares of NASDAQ:GMGI opened at $1.86 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $2.05 and a 200-day moving average price of $2.28. Golden Matrix Group, Inc. has a 12 month low of $1.70 and a 12 month high of $6.27.

Golden Matrix Group (NASDAQ:GMGI) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter. The business had revenue of $40.99 million for the quarter. Golden Matrix Group had a negative net margin of 3.07% and a negative return on equity of 3.93%. Equities research analysts expect that Golden Matrix Group, Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of Golden Matrix Group

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Golden Matrix Group in the 4th quarter worth about $28,000. Kera Capital Partners Inc. bought a new position in Golden Matrix Group in the fourth quarter worth about $40,000. Virtu Financial LLC lifted its holdings in Golden Matrix Group by 56.0% in 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 period. Barclays PLC boosted its position in Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after acquiring an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Golden Matrix Group by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after acquiring an additional 8,061 shares during the period. Institutional investors own 2.74% of the company’s stock.

About Golden Matrix Group

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.