Thomas Mcchesney Sells 7,500 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Thomas Mcchesney sold 7,500 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $2.12, for a total value of $15,900.00. Following the transaction, the director now directly owns 271,897 shares in the company, valued at $576,421.64. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Thomas Mcchesney also recently made the following trade(s):

• On Friday, March 28th, Thomas Mcchesney sold 257 shares of Golden Matrix Group stock. The shares were sold at an average price of $2.13, for a total transaction of $547.41.

Golden Matrix Group Stock Down 2.9 %

Shares of NASDAQ GMGI opened at $2.04 on Friday. Golden Matrix Group, Inc. has a 1 year low of $1.70 and a 1 year high of $6.27. The stock has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $2.19. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Separately, Maxim Group started 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 target for the company.

Institutional Trading of Golden Matrix Group

Several institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in Golden Matrix Group in the fourth quarter worth about $84,000. Northern Trust Corp grew its stake in shares of Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after purchasing an additional 10,690 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Golden Matrix Group by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock worth $1,235,000 after purchasing an additional 78,427 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Golden Matrix Group by 460.5% in the 4th quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock worth $101,000 after purchasing an additional 41,752 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 valued at $80,000 after purchasing an additional 8,061 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

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.