Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases $90,000.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic bought 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average price of $1.80 per share, for a total transaction of $90,000.00. Following the purchase, the insider now directly owns 77,834,303 shares in the company, valued at approximately $140,101,745.40. The trade was a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, November 12th, Aleksandar Milovanovic acquired 1,499 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.69 per share, for a total transaction of $4,032.31.
• On Wednesday, November 6th, Aleksandar Milovanovic acquired 14,038 shares of Golden Matrix Group stock. The stock was acquired at an average price of $2.69 per share, with a total value of $37,762.22.

Golden Matrix Group Stock Performance

GMGI opened at $1.86 on Friday. 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 fifty-two week low of $1.70 and a fifty-two week high of $6.27. The firm has a 50-day moving average of $2.05 and a 200 day moving average of $2.28.

Golden Matrix Group (NASDAQ:GMGI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%. The company had revenue of $40.99 million for the quarter. As a group, sell-side analysts forecast that Golden Matrix Group, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Golden Matrix Group

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Golden Matrix Group by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after acquiring an additional 8,061 shares during the period. Virtu Financial LLC raised its position 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 worth $55,000 after buying an additional 8,408 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Golden Matrix Group in the fourth quarter worth approximately $28,000. Kera Capital Partners Inc. bought a new stake in shares of Golden Matrix Group during the 4th quarter worth $40,000. Finally, Barclays PLC lifted 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 worth $67,000 after purchasing an additional 22,420 shares during 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.