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

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $1.86 per share, for a total transaction of $186,000.00. Following the completion of the transaction, the insider now directly owns 78,514,616 shares of the company’s stock, valued at $146,037,185.76. This represents a 0.13 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, February 14th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.85 per share, with a total value of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $1.85 per share, for a total transaction of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Stock Performance

Golden Matrix Group stock opened at $2.44 on Thursday. Golden Matrix Group, Inc. has a 1-year low of $1.70 and a 1-year high of $6.27. The firm’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82.

Hedge Funds Weigh In On Golden Matrix Group

Several institutional investors have recently bought and sold shares of GMGI. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 32,182 shares in the last quarter. Barclays PLC grew its holdings in Golden Matrix Group by 332.6% during 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. SG Americas Securities LLC bought a new position in shares of Golden Matrix Group in the fourth quarter valued at approximately $28,000. Virtu Financial LLC lifted its stake in shares of Golden Matrix Group by 56.0% in the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after buying an additional 8,408 shares during the last quarter. Finally, Kera Capital Partners Inc. bought a new stake in shares of Golden Matrix Group during the 4th quarter worth $40,000. 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.