Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases 20,000 Shares of Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 20,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $1.85 per share, with a total value of $37,000.00. Following the transaction, the insider now owns 77,934,616 shares of the company’s stock, valued at $144,179,039.60. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, February 3rd, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $90,000.00.
• On Tuesday, November 12th, Aleksandar Milovanovic bought 1,499 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $2.69 per share, with a total value of $4,032.31.

Golden Matrix Group Price Performance

GMGI stock traded down $0.02 during midday trading on Friday, reaching $1.84. 153,132 shares of the company’s stock traded hands, compared to its average volume of 133,665. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $6.27. The business has a 50-day moving average price of $2.04 and a two-hundred day moving average price of $2.28.

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

Institutional Investors Weigh In On Golden Matrix Group

Several institutional investors and hedge funds have recently modified their holdings of GMGI. SG Americas Securities LLC purchased a new stake in shares of Golden Matrix Group during the 4th quarter valued at about $28,000. Kera Capital Partners Inc. acquired a new stake in Golden Matrix Group in the fourth quarter valued at approximately $40,000. Virtu Financial LLC raised its stake in shares of Golden Matrix Group by 56.0% during 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. Barclays PLC lifted its position in shares of Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after purchasing an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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. Hedge funds and other 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.