Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases $186,000.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price 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 $146,037,185.76. This trade represents a 0.13 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Golden Matrix Group Trading Down 12.3 %

NASDAQ GMGI opened at $2.14 on Friday. The firm has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $2.25. Golden Matrix Group, Inc. has a 12-month low of $1.70 and a 12-month high of $6.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Institutional Investors Weigh In On Golden Matrix Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GMGI. Geode Capital Management LLC grew its position in Golden Matrix Group by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock worth $1,235,000 after buying an additional 78,427 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Golden Matrix Group by 6.7% during the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after purchasing an additional 10,690 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Golden Matrix Group by 390.5% during the 4th quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after purchasing an additional 84,749 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Golden Matrix Group by 460.5% in the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock worth $101,000 after purchasing an additional 41,752 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Golden Matrix Group in the fourth quarter valued at about $84,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.