Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Buys $185,000.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $1.85 per share, with a total value of $185,000.00. Following the completion of the acquisition, the insider now owns 78,414,616 shares of the company’s stock, valued at $145,067,039.60. This represents a 0.13 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 18th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.86 per share, for a total transaction of $186,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $1.85 per share, with a total value of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Stock Performance

GMGI opened at $2.14 on Friday. Golden Matrix Group, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $6.27. The firm has a 50-day moving average of $1.99 and a 200 day moving average of $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 and hedge funds have recently modified their holdings of GMGI. Bank of New York Mellon Corp raised its holdings in shares of Golden Matrix Group by 24.7% in the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after purchasing an additional 8,061 shares during the period. Virtu Financial LLC increased its position 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 last quarter. Northern Trust Corp increased its position in Golden Matrix Group by 6.7% in the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after buying an additional 10,690 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Golden Matrix Group in the fourth quarter valued at $28,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group during the 4th quarter valued at $40,000. 2.74% of the stock is owned by institutional investors.

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.