Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases $10,200.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $2.04 per share, with a total value of $10,200.00. Following the completion of the acquisition, the insider now directly owns 79,177,938 shares of the company's stock, valued at $161,522,993.52. This represents a 0.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 20th, Aleksandar Milovanovic acquired 2,000 shares of Golden Matrix Group stock. The shares were purchased at an average price of $2.17 per share, with a total value of $4,340.00.
• On Thursday, February 27th, Aleksandar Milovanovic bought 4,212 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.97 per share, with a total value of $8,297.64.
• On Friday, March 21st, Aleksandar Milovanovic purchased 140,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $1.96 per share, for a total transaction of $274,400.00.
• On Friday, March 14th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost 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 price of $2.16 per share, with a total value of $108,000.00.
• On Tuesday, March 4th, Aleksandar Milovanovic purchased 2,514 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.97 per share, for a total transaction of $4,952.58.
• On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $1.86 per share, with a total value of $186,000.00.
• On Friday, February 14th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.85 per share, for a total transaction of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic purchased 20,000 shares of Golden Matrix Group stock. The stock was bought 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 shares were bought at an average cost of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Trading Down 2.9 %

Shares of Golden Matrix Group stock traded down $0.06 on Friday, reaching $2.04. 85,903 shares of the stock were exchanged, compared to its average volume of 145,308. The business has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $2.19. Golden Matrix Group, Inc. has a twelve month low of $1.70 and a twelve month high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18.

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Wall Street Analyst Weigh In

Separately, Maxim Group assumed coverage on Golden Matrix Group in a research note on Friday, February 21st. They issued a "buy" rating and a $4.00 target price for the company.

Hedge Funds Weigh In On Golden Matrix Group

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Golden Matrix Group in the 4th quarter valued at $28,000. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group during the fourth quarter worth $40,000. Virtu Financial LLC lifted its position in Golden Matrix Group by 56.0% during 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 holdings in 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 last quarter. Finally, Bank of New York Mellon Corp grew its position in Golden Matrix Group by 24.7% during 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 during the period. 2.74% of the stock is owned by hedge funds and other 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.