Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Aleksandar Milovanovic Purchases 20,000 Shares

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $1.85 per share, with a total value of $37,000.00. Following the acquisition, the insider now directly owns 77,934,616 shares in the company, valued at approximately $144,179,039.60. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $90,000.00.
• On Tuesday, November 12th, Aleksandar Milovanovic acquired 1,499 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.69 per share, with a total value of $4,032.31.

Golden Matrix Group Price Performance

Shares of Golden Matrix Group stock opened at $1.84 on Friday. Golden Matrix Group, Inc. has a twelve month low of $1.70 and a twelve month high of $6.27. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $2.04 and a 200 day moving average price of $2.28.

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

Institutional Trading of Golden Matrix Group

Several large investors have recently bought and sold shares of the company. 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. Virtu Financial LLC boosted its position in 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 buying an additional 8,408 shares during the last quarter. SG Americas Securities LLC purchased a new position in Golden Matrix Group in the 4th quarter valued at about $28,000. Kera Capital Partners Inc. acquired a new stake in shares of Golden Matrix Group during the fourth quarter valued at about $40,000. Finally, Barclays PLC increased its position in shares of Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after acquiring an additional 22,420 shares during the last quarter. Institutional investors and hedge funds 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.