Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Thomas Mcchesney Sells 7,500 Shares

Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Thomas Mcchesney sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $2.12, for a total value of $15,900.00. Following the completion of the sale, the director now owns 271,897 shares of the company’s stock, valued at $576,421.64. The trade was a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Thomas Mcchesney also recently made the following trade(s):

• On Friday, March 28th, Thomas Mcchesney sold 257 shares of Golden Matrix Group stock. The shares were sold at an average price of $2.13, for a total value of $547.41.

Golden Matrix Group Trading Down 2.9 %

NASDAQ GMGI traded down $0.06 during trading on Friday, reaching $2.04. 85,903 shares of the company’s stock traded hands, compared to its average volume of 144,814. 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 company’s 50 day simple moving average is $2.00 and its two-hundred day simple moving average is $2.20.

Hedge Funds Weigh In On Golden Matrix Group

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Golden Matrix Group in the fourth quarter worth approximately $28,000. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group in the 4th quarter valued at $40,000. Virtu Financial LLC increased its holdings in shares of Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after acquiring an additional 8,408 shares during the period. Barclays PLC raised its position in shares of Golden Matrix Group by 332.6% in the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after acquiring an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted 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 purchasing an additional 8,061 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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