Aleksandar Milovanovic Purchases 50,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $1.80 per share, with a total value of $90,000.00. Following the acquisition, the insider now owns 77,834,303 shares in the company, valued at $140,101,745.40. The trade was a 0.06 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Golden Matrix Group Stock Down 0.5 %

NASDAQ GMGI traded down $0.01 during trading hours on Tuesday, hitting $1.83. The company had a trading volume of 212,649 shares, compared to its average volume of 134,134. Golden Matrix Group, Inc. has a 52 week low of $1.70 and a 52 week high of $6.27. The firm has a 50 day simple moving average of $2.07 and a 200 day simple moving average of $2.29. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

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. The business had revenue of $40.99 million for the quarter. Golden Matrix Group had a negative net margin of 3.07% and a negative return on equity of 3.93%. As a group, sell-side analysts forecast that Golden Matrix Group, Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Golden Matrix Group

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. Barclays PLC increased its stake in shares of 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 buying an additional 22,420 shares during the period. Renaissance Technologies LLC increased its stake in shares of Golden Matrix Group by 675.9% during the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock valued at $326,000 after buying an additional 114,900 shares during the period. Marshall Wace LLP purchased a new position in shares of Golden Matrix Group during the second quarter valued at approximately $91,000. Finally, Virtu Financial LLC increased its stake in shares of Golden Matrix Group by 56.0% during 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. 2.74% of the stock is owned by hedge funds and other 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.