Aleksandar Milovanovic Buys 100,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 100,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $1.85 per share, for a total transaction of $185,000.00. Following the acquisition, the insider now owns 78,414,616 shares of the company’s stock, valued at approximately $145,067,039.60. This represents a 0.13 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.86 per share, for a total transaction of $186,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic purchased 20,000 shares of Golden Matrix Group stock. The stock was acquired 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 acquired at an average price of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Price Performance

Shares of NASDAQ GMGI opened at $2.14 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $1.99 and a 200-day moving average price of $2.25. Golden Matrix Group, Inc. has a 1 year low of $1.70 and a 1 year high of $6.27.

Hedge Funds Weigh In On Golden Matrix Group

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Golden Matrix Group by 390.5% during the 4th quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after purchasing an additional 84,749 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Golden Matrix Group by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock valued at $1,235,000 after buying an additional 78,427 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Golden Matrix Group during the fourth quarter worth $84,000. JPMorgan Chase & Co. raised its position in Golden Matrix Group by 460.5% in the 4th quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock valued at $101,000 after buying an additional 41,752 shares during the last quarter. Finally, Barclays PLC lifted its stake in Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after acquiring an additional 22,420 shares in the last quarter. Institutional investors 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.