Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases $283,395.20 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic bought 146,080 shares of Golden Matrix Group stock in a transaction dated Monday, April 14th. The stock was acquired at an average price of $1.94 per share, with a total value of $283,395.20. Following the completion of the transaction, the insider now directly owns 84,462,583 shares of the company's stock, valued at approximately $163,857,411.02. The trade was a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, April 10th, Aleksandar Milovanovic bought 4,800 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.90 per share, with a total value of $9,120.00.
• On Monday, March 31st, Aleksandar Milovanovic purchased 5,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.09 per share, for a total transaction of $10,450.00.
• On Thursday, February 20th, Aleksandar Milovanovic purchased 2,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $2.17 per share, with a total value of $4,340.00.
• On Thursday, February 27th, Aleksandar Milovanovic purchased 4,212 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.97 per share, for a total transaction of $8,297.64.
• On Tuesday, February 25th, Aleksandar Milovanovic purchased 5,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $2.04 per share, with a total value of $10,200.00.
• On Friday, March 21st, Aleksandar Milovanovic bought 140,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.96 per share, with a total value of $274,400.00.
• On Friday, March 14th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average price of $2.17 per share, with a total value of $108,500.00.
• 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, with a total value of $108,000.00.
• On Tuesday, March 4th, Aleksandar Milovanovic acquired 2,514 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.97 per share, with a total value of $4,952.58.
• On Tuesday, February 18th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.86 per share, with a total value of $186,000.00.

Golden Matrix Group Trading Up 0.5 %

Shares of Golden Matrix Group stock traded up $0.01 during trading hours on Friday, hitting $2.06. 112,068 shares of the company were exchanged, compared to its average volume of 148,471. The business has a 50-day moving average of $2.02 and a 200-day moving average of $2.15. Golden Matrix Group, Inc. has a 1 year low of $1.70 and a 1 year high of $6.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on Golden Matrix Group in a report on Friday, February 21st. They issued a "buy" rating and a $4.00 price objective for the company.

Institutional Trading of Golden Matrix Group

Hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake 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 period. Geode Capital Management LLC increased its position in Golden Matrix Group by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 545,071 shares of the company's stock worth $1,270,000 after purchasing an additional 32,182 shares during the period. Virtu Financial LLC lifted 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 buying an additional 8,408 shares during the period. Kera Capital Partners Inc. purchased a new stake in shares of Golden Matrix Group in the fourth quarter valued at approximately $40,000. Finally, SG Americas Securities LLC acquired a new position in Golden Matrix Group during the fourth quarter worth $28,000. 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.