Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases $283,395.20 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 146,080 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of $1.94 per share, for a total transaction of $283,395.20. Following the completion of the transaction, the insider now directly owns 84,462,583 shares of the company’s stock, valued at $163,857,411.02. This represents a 0.17 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, April 10th, Aleksandar Milovanovic purchased 4,800 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.90 per share, for a total transaction of $9,120.00.
• On Monday, March 31st, Aleksandar Milovanovic acquired 5,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.09 per share, with a total value of $10,450.00.
• On Thursday, February 20th, Aleksandar Milovanovic purchased 2,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.17 per share, with a total value of $4,340.00.
• On Thursday, February 27th, Aleksandar Milovanovic acquired 4,212 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.97 per share, for a total transaction of $8,297.64.
• On Tuesday, February 25th, Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.04 per share, with a total value of $10,200.00.
• On Friday, March 21st, Aleksandar Milovanovic acquired 140,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.96 per share, with a total value of $274,400.00.
• On Friday, March 14th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $2.17 per share, for a total transaction of $108,500.00.
• On Friday, March 7th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.16 per share, for a total transaction of $108,000.00.
• On Tuesday, March 4th, Aleksandar Milovanovic purchased 2,514 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.97 per share, for a total transaction of $4,952.58.
• On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.86 per share, with a total value of $186,000.00.

Golden Matrix Group Stock Performance

Shares of NASDAQ:GMGI opened at $2.06 on Friday. The business has a 50 day moving average price of $2.02 and a 200 day moving average price of $2.15. 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 twelve month low of $1.70 and a twelve month high of $6.27.

Wall Street Analysts Forecast Growth

Separately, Maxim Group began coverage on shares of Golden Matrix Group in a report on Friday, February 21st. They set a “buy” rating and a $4.00 price target for the company.

Institutional Investors Weigh In On Golden Matrix Group

Several hedge funds have recently modified their holdings of GMGI. SG Americas Securities LLC acquired a new position in Golden Matrix Group during the 4th quarter valued at $28,000. Kera Capital Partners Inc. acquired a new position in shares of Golden Matrix Group during the fourth quarter valued at about $40,000. Virtu Financial LLC lifted its stake 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 buying an additional 8,408 shares during the period. Barclays PLC increased its stake in Golden Matrix Group by 332.6% during 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 holdings in 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 valued at $80,000 after acquiring an additional 8,061 shares in the last quarter. 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.