Aleksandar Milovanovic Buys 20,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $1.85 per share, for a total transaction of $37,000.00. Following the completion of the purchase, the insider now directly owns 77,934,616 shares in the company, valued at $144,179,039.60. The trade was a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 3rd, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.80 per share, for a total transaction of $90,000.00.
• On Tuesday, November 12th, Aleksandar Milovanovic purchased 1,499 shares of Golden Matrix Group stock. The stock was purchased at an average price of $2.69 per share, with a total value of $4,032.31.

Golden Matrix Group Price Performance

Golden Matrix Group stock opened at $1.84 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 1 year low of $1.70 and a 1 year high of $6.27. The firm’s 50-day moving average is $2.04 and its 200-day moving average is $2.28.

Golden Matrix Group (NASDAQ:GMGI) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter. The company 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, research analysts forecast that Golden Matrix Group, Inc. will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On Golden Matrix Group

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Golden Matrix Group by 6.3% in the third quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock worth $1,270,000 after purchasing an additional 32,182 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Golden Matrix Group by 675.9% during 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 in the last quarter. Rhumbline Advisers increased its stake in Golden Matrix Group by 390.5% in the 4th quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after purchasing an additional 84,749 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Golden Matrix Group by 24.7% during the fourth 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 during the period. Finally, Marshall Wace LLP acquired a new stake in Golden Matrix Group during the 2nd quarter valued at $91,000. Institutional investors own 2.74% of the company’s stock.

Golden Matrix Group Company Profile

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.