Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Acquires $20,835.70 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 9,059 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average cost of $2.30 per share, for a total transaction of $20,835.70. Following the purchase, the insider now directly owns 77,412,970 shares of the company’s stock, valued at $178,049,831. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Golden Matrix Group Stock Up 7.7 %

GMGI stock opened at $2.51 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $2.36 and a 200-day moving average price of $3.00. Golden Matrix Group, Inc. has a 52-week low of $2.01 and a 52-week high of $6.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMGI. Bank of New York Mellon Corp bought a new stake in Golden Matrix Group in the second quarter worth $120,000. Rhumbline Advisers purchased a new position in shares of Golden Matrix Group in the 2nd quarter worth about $43,000. Renaissance Technologies LLC boosted its stake in Golden Matrix Group by 675.9% in the 2nd quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after purchasing an additional 114,900 shares in the last quarter. XTX Topco Ltd purchased a new stake in Golden Matrix Group during the 2nd quarter valued at about $30,000. Finally, Marshall Wace LLP bought a new stake in Golden Matrix Group during the 2nd quarter valued at about $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.