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

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic bought 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was acquired at an average cost of $1.80 per share, for a total transaction of $90,000.00. Following the completion of the purchase, the insider now directly owns 77,834,303 shares in the company, valued at approximately $140,101,745.40. This represents a 0.06 % increase in their ownership of the stock. 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 purchased 1,499 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.69 per share, with a total value of $4,032.31.
• On Wednesday, November 6th, Aleksandar Milovanovic acquired 14,038 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.69 per share, for a total transaction of $37,762.22.

Golden Matrix Group Price Performance

Shares of GMGI opened at $1.84 on Thursday. The stock has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $2.28. 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, Inc. has a 52-week low of $1.70 and a 52-week high of $6.27.

Golden Matrix Group (NASDAQ:GMGI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%. The firm had revenue of $40.99 million for the quarter. Analysts predict that Golden Matrix Group, Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in Golden Matrix Group by 675.9% during the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after acquiring an additional 114,900 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group during the 2nd quarter worth about $91,000. Barclays PLC raised its holdings in Golden Matrix Group by 332.6% in the 3rd 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. Geode Capital Management LLC lifted its position in Golden Matrix Group by 6.3% in the third 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 during the last quarter. Finally, Virtu Financial LLC boosted its stake in Golden Matrix Group by 56.0% during 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 during the period. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.