Aleksandar Milovanovic Acquires 5,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic acquired 5,000 shares of the business’s stock in a transaction on Monday, March 31st. The stock was purchased at an average price of $2.09 per share, for a total transaction of $10,450.00. Following the acquisition, the insider now directly owns 79,465,291 shares in the company, valued at $166,082,458.19. This represents a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 20th, Aleksandar Milovanovic bought 2,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $2.17 per share, for a total transaction of $4,340.00.
• On Thursday, February 27th, Aleksandar Milovanovic purchased 4,212 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.97 per share, with a total value of $8,297.64.
• On Tuesday, February 25th, Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.04 per share, for a total transaction of $10,200.00.
• On Friday, March 21st, Aleksandar Milovanovic purchased 140,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.96 per share, with a total value of $274,400.00.
• On Friday, March 14th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The stock was 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 shares were 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 stock was bought at an average price 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 cost of $1.86 per share, for a total transaction 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 price of $1.85 per share, for a total transaction of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic purchased 20,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.85 per share, with a total value of $37,000.00.

Golden Matrix Group Price Performance

NASDAQ GMGI opened at $1.89 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a one year low of $1.70 and a one year high of $6.27. The company has a 50-day simple moving average of $2.00 and a 200-day simple moving average of $2.16.

Wall Street Analyst Weigh In

Separately, Maxim Group began coverage on Golden Matrix Group in a research note on Friday, February 21st. They set a “buy” rating and a $4.00 price objective on the stock.

Hedge Funds Weigh In On Golden Matrix Group

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 8,061 shares during the period. Virtu Financial LLC lifted its position in Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after purchasing an additional 8,408 shares during the last quarter. Northern Trust Corp lifted its position in Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock valued at $335,000 after purchasing an additional 10,690 shares during the last quarter. SG Americas Securities LLC bought a new position in Golden Matrix Group in the 4th quarter worth about $28,000. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Golden Matrix Group in the fourth quarter valued at approximately $40,000. Institutional investors 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.