Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Acquires $10,200.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 5,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $2.04 per share, for a total transaction of $10,200.00. Following the acquisition, the insider now owns 79,177,938 shares in the company, valued at approximately $161,522,993.52. This represents a 0.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, February 20th, Aleksandar Milovanovic acquired 2,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $2.17 per share, for a total transaction of $4,340.00.
• On Thursday, February 27th, Aleksandar Milovanovic bought 4,212 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.97 per share, with a total value of $8,297.64.
• On Friday, March 21st, Aleksandar Milovanovic purchased 140,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $1.96 per share, for a total transaction of $274,400.00.
• On Friday, March 14th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.17 per share, with a total value of $108,500.00.
• On Friday, March 7th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was purchased 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 purchased at an average cost of $1.97 per share, with a total value of $4,952.58.
• On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.86 per share, with a total value of $186,000.00.
• On Friday, February 14th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.85 per share, with a total value of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic purchased 20,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, for a total transaction of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Trading Down 2.9 %

GMGI opened at $2.04 on Friday. Golden Matrix Group, Inc. has a 12 month low of $1.70 and a 12 month high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $2.00 and its 200-day moving average price is $2.19.

Analysts Set New Price Targets

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

Institutional Trading of Golden Matrix Group

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of Golden Matrix Group by 332.6% in 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 during the last quarter. Geode Capital Management LLC boosted its position in Golden Matrix Group by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock valued at $1,270,000 after buying an additional 32,182 shares during the period. Virtu Financial LLC grew its holdings in Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after acquiring an additional 8,408 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group in the fourth quarter valued at about $40,000. Finally, SG Americas Securities LLC purchased a new position in shares of Golden Matrix Group in the fourth quarter valued at about $28,000. 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.