Aleksandar Milovanovic Purchases 100,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $1.86 per share, with a total value of $186,000.00. Following the completion of the purchase, the insider now directly owns 78,514,616 shares in the company, valued at approximately $146,037,185.76. This represents a 0.13 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, February 14th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, for a total transaction of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic purchased 20,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, for a total transaction of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Price Performance

NASDAQ GMGI opened at $1.85 on Wednesday. Golden Matrix Group, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $6.27. The stock’s 50-day moving average is $1.99 and its two-hundred day moving average is $2.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of Golden Matrix Group by 24.7% in the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock valued at $80,000 after purchasing an additional 8,061 shares during the period. Virtu Financial LLC raised its position in shares of Golden Matrix Group by 56.0% in the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after purchasing an additional 8,408 shares during the period. Northern Trust Corp raised its holdings in Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after acquiring an additional 10,690 shares during the period. SG Americas Securities LLC bought a new position in Golden Matrix Group in the 4th quarter worth $28,000. Finally, Kera Capital Partners Inc. bought a new position in Golden Matrix Group in the 4th quarter worth $40,000. 2.74% of the stock is owned by institutional investors.

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.