Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Buys 100,000 Shares of 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 acquired at an average price of $1.86 per share, with a total value of $186,000.00. Following the completion of the acquisition, the insider now owns 78,514,616 shares of the company’s stock, valued at approximately $146,037,185.76. The trade was a 0.13 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, February 14th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.85 per share, with a total value of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock. The shares were bought 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 stock was bought at an average price of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Price Performance

Shares of GMGI opened at $2.44 on Thursday. The stock’s 50-day moving average price is $1.99 and its 200 day moving average price 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. Golden Matrix Group, Inc. has a 12-month low of $1.70 and a 12-month high of $6.27.

Institutional Trading of Golden Matrix Group

A number of institutional investors and hedge funds have recently modified their holdings of GMGI. SG Americas Securities LLC acquired a new stake in Golden Matrix Group during the fourth quarter worth $28,000. Kera Capital Partners Inc. bought a new position in shares of Golden Matrix Group during the 4th quarter worth about $40,000. Virtu Financial LLC boosted its position in shares of Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after acquiring an additional 8,408 shares in the last quarter. Barclays PLC increased its stake in Golden Matrix Group by 332.6% in the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after acquiring an additional 22,420 shares during the period. Finally, Bank of New York Mellon Corp raised its position in 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 worth $80,000 after purchasing an additional 8,061 shares in the last quarter. 2.74% of the stock is currently 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.