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

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic bought 100,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was bought at an average price of $1.85 per share, for a total transaction of $185,000.00. Following the completion of the purchase, the insider now owns 78,414,616 shares of the company’s stock, valued at approximately $145,067,039.60. The trade was a 0.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 18th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were purchased at an average price of $1.86 per share, with a total value of $186,000.00.
• 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 price of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Price Performance

Shares of NASDAQ GMGI opened at $2.44 on Thursday. The stock has a fifty day moving average of $1.99 and a 200-day moving average of $2.25. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $6.27.

Hedge Funds Weigh In On Golden Matrix Group

A number of large investors have recently modified their holdings of GMGI. SG Americas Securities LLC bought a new position in Golden Matrix Group in the 4th quarter valued at $28,000. Kera Capital Partners Inc. purchased a new stake in shares of Golden Matrix Group in the fourth quarter worth $40,000. Virtu Financial LLC raised its position 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 in the last quarter. Barclays PLC boosted 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 valued at $67,000 after buying an additional 22,420 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Golden Matrix Group by 24.7% during the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after buying an additional 8,061 shares in the last quarter. 2.74% of the stock is currently owned by institutional investors.

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.