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

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $2.17 per share, for a total transaction of $108,500.00. Following the acquisition, the insider now directly owns 79,264,552 shares of the company’s stock, valued at approximately $172,004,077.84. This represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, March 7th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.16 per share, for a total transaction of $108,000.00.
• On Tuesday, March 4th, Aleksandar Milovanovic acquired 2,514 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.97 per share, with a total value of $4,952.58.
• On Tuesday, February 18th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.86 per share, with a total value of $186,000.00.
• On Friday, February 14th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.85 per share, with a total value of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.85 per share, with a total value of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Stock Performance

Golden Matrix Group stock opened at $2.05 on Tuesday. Golden Matrix Group, Inc. has a 52-week low of $1.70 and a 52-week high of $6.27. The firm has a fifty day moving average of $2.01 and a 200-day moving average of $2.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on shares of Golden Matrix Group in a research report on Friday, February 21st. They issued a “buy” rating and a $4.00 price objective for the company.

Institutional Investors Weigh In On Golden Matrix Group

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Golden Matrix Group in the fourth quarter valued at $28,000. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group in the fourth quarter valued at $40,000. Virtu Financial LLC boosted its stake in shares of Golden Matrix Group by 56.0% in the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after purchasing an additional 8,408 shares during the period. Barclays PLC boosted its stake in shares of Golden Matrix Group by 332.6% in the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after purchasing an additional 22,420 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $80,000 after purchasing an additional 8,061 shares during the period. Institutional investors and hedge funds 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.