Aleksandar Milovanovic Buys 14,038 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 14,038 shares of the stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of $2.69 per share, for a total transaction of $37,762.22. Following the acquisition, the insider now directly owns 77,502,008 shares in the company, valued at $208,480,401.52. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, October 31st, Aleksandar Milovanovic purchased 25,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.35 per share, with a total value of $58,750.00.
• On Tuesday, October 29th, Aleksandar Milovanovic acquired 9,059 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $2.30 per share, for a total transaction of $20,835.70.

Golden Matrix Group Trading Down 2.2 %

Golden Matrix Group stock opened at $2.73 on Friday. Golden Matrix Group, Inc. has a one year low of $2.01 and a one year high of $6.27. The business has a fifty day moving average of $2.38 and a two-hundred day moving average of $2.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.88.

Hedge Funds Weigh In On Golden Matrix Group

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in Golden Matrix Group during the second quarter worth about $30,000. Rhumbline Advisers acquired a new stake in shares of Golden Matrix Group during the 2nd quarter valued at approximately $43,000. Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group during the 2nd quarter valued at approximately $91,000. Bank of New York Mellon Corp purchased a new stake in shares of Golden Matrix Group during the 2nd quarter worth approximately $120,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Golden Matrix Group by 675.9% in the 2nd quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after acquiring an additional 114,900 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.