Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic purchased 5,000 shares of Golden Matrix Group stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $2.04 per share, for a total transaction of $10,200.00. Following the transaction, the insider now directly owns 79,177,938 shares of the company's stock, valued at approximately $161,522,993.52. This represents a 0.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Aleksandar Milovanovic also recently made the following trade(s):
- On Thursday, February 20th, Aleksandar Milovanovic acquired 2,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $2.17 per share, with a total value of $4,340.00.
- On Thursday, February 27th, Aleksandar Milovanovic bought 4,212 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.97 per share, for a total transaction of $8,297.64.
- On Friday, March 21st, Aleksandar Milovanovic purchased 140,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.96 per share, with a total value of $274,400.00.
- On Friday, March 14th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.17 per share, for a total transaction of $108,500.00.
- On Friday, March 7th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $2.16 per share, with a total value of $108,000.00.
- On Tuesday, March 4th, Aleksandar Milovanovic purchased 2,514 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.97 per share, for a total transaction of $4,952.58.
- On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.86 per share, with a total value of $186,000.00.
- On Friday, February 14th, Aleksandar Milovanovic bought 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.
- On Monday, February 3rd, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $90,000.00.
Golden Matrix Group Stock Performance
GMGI opened at $2.15 on Thursday. 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 one year low of $1.70 and a one year high of $6.27. The business's 50-day simple moving average is $2.00 and its 200-day simple moving average is $2.20.
Wall Street Analyst Weigh In
Separately, Maxim Group initiated coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They set a "buy" rating and a $4.00 target price for the company.
Get Our Latest Stock Analysis on GMGI
Hedge Funds Weigh In On Golden Matrix Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMGI. SG Americas Securities LLC purchased a new stake in shares of Golden Matrix Group during the 4th quarter worth approximately $28,000. Kera Capital Partners Inc. acquired a new stake in Golden Matrix Group during the 4th quarter worth $40,000. Virtu Financial LLC raised its stake in Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company's stock worth $55,000 after acquiring an additional 8,408 shares in the last quarter. Barclays PLC lifted its position in Golden Matrix Group by 332.6% in the third quarter. Barclays PLC now owns 29,160 shares of the company's stock valued at $67,000 after acquiring an additional 22,420 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Golden Matrix Group by 24.7% in 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 in the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.
Golden Matrix Group Company Profile
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Get Free Report)
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.
Further Reading
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