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

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic bought 50,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of $1.80 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the insider now directly owns 77,834,303 shares of the company’s stock, valued at approximately $140,101,745.40. This represents a 0.06 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 12th, Aleksandar Milovanovic bought 1,499 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.69 per share, for a total transaction 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 cost of $2.69 per share, for a total transaction of $37,762.22.

Golden Matrix Group Trading Down 0.5 %

Golden Matrix Group stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.83. The company had a trading volume of 212,649 shares, compared to its average volume of 134,134. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a 12 month low of $1.70 and a 12 month high of $6.27. The stock’s 50 day moving average price is $2.07 and its two-hundred day moving average price is $2.29.

Golden Matrix Group (NASDAQ:GMGI) last announced 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%. Research analysts expect that Golden Matrix Group, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Golden Matrix Group

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Golden Matrix Group in the fourth quarter worth about $28,000. Kera Capital Partners Inc. purchased a new stake in Golden Matrix Group in the fourth quarter worth about $40,000. Virtu Financial LLC increased its position in 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. Barclays PLC increased its position in 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 buying an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Golden Matrix Group by 24.7% in the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after buying an additional 8,061 shares in the last quarter. 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.