Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Aleksandar Milovanovic Acquires 140,000 Shares

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic purchased 140,000 shares of Golden Matrix Group stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average price of $1.96 per share, for a total transaction of $274,400.00. Following the transaction, the insider now directly owns 79,460,291 shares in the company, valued at $155,742,170.36. This represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 acquired 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 acquired at an average price of $1.97 per share, for a total transaction of $8,297.64.
• On Tuesday, February 25th, Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.04 per share, with a total value of $10,200.00.
• On Friday, March 14th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.17 per share, for a total transaction of $108,500.00.
• On Friday, March 7th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.16 per share, with a total value of $108,000.00.
• On Tuesday, March 4th, Aleksandar Milovanovic bought 2,514 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.97 per share, for a total transaction 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 price of $1.86 per share, with a total value of $186,000.00.
• On Friday, February 14th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.85 per share, for a total transaction of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic bought 20,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.85 per share, with a total value of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Trading Down 2.9 %

NASDAQ:GMGI traded down $0.06 on Friday, reaching $2.04. 85,903 shares of the stock traded hands, compared to its average volume of 145,308. 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 quick ratio of 0.75 and a current ratio of 0.82. The company's 50 day moving average is $2.00 and its 200-day moving average is $2.19.

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Hedge Funds Weigh In On Golden Matrix Group

A number of hedge funds have recently bought and sold shares of GMGI. SG Americas Securities LLC acquired a new stake in Golden Matrix Group during the 4th quarter worth about $28,000. Kera Capital Partners Inc. bought a new stake in shares of Golden Matrix Group during the 4th quarter valued at about $40,000. Virtu Financial LLC grew its stake in 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. Barclays PLC grew its stake in 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 purchasing an additional 22,420 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in 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 worth $80,000 after purchasing an additional 8,061 shares in the last quarter. Institutional investors own 2.74% of the company's stock.

Wall Street Analyst Weigh In

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