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

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $1.85 per share, with a total value of $37,000.00. Following the transaction, the insider now directly owns 77,934,616 shares of the company's stock, valued at $144,179,039.60. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Golden Matrix Group Price Performance

Shares of GMGI stock traded down $0.03 on Tuesday, hitting $1.81. 156,372 shares of the company's stock were exchanged, compared to its average volume of 140,693. The company has a 50 day moving average of $2.02 and a 200 day moving average of $2.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. Golden Matrix Group, Inc. has a 12 month low of $1.70 and a 12 month high of $6.27.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Golden Matrix Group by 24.7% in the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company's stock worth $80,000 after purchasing an additional 8,061 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Golden Matrix Group by 390.5% in the fourth quarter. Rhumbline Advisers now owns 106,449 shares of the company's stock valued at $211,000 after buying an additional 84,749 shares during the period. SG Americas Securities LLC acquired a new position in Golden Matrix Group in the 4th quarter valued at approximately $28,000. Kera Capital Partners Inc. acquired a new position in shares of Golden Matrix Group during the fourth quarter worth $40,000. Finally, Virtu Financial LLC lifted its holdings in shares of 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 purchasing an additional 8,408 shares during the period. 2.74% of the stock is currently owned by institutional investors.

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.