Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) insider Aleksandar Milovanovic purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of $2.09 per share, for a total transaction of $10,450.00. Following the completion of the acquisition, the insider now directly owns 79,465,291 shares of the company's stock, valued at $166,082,458.19. This trade represents a 0.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Aleksandar Milovanovic also recently made the following trade(s):
- On Thursday, February 20th, Aleksandar Milovanovic purchased 2,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.17 per share, for a total transaction of $4,340.00.
- On Thursday, February 27th, Aleksandar Milovanovic acquired 4,212 shares of Golden Matrix Group stock. The shares were purchased at an average price of $1.97 per share, with a total value of $8,297.64.
- On Tuesday, February 25th, Aleksandar Milovanovic purchased 5,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.04 per share, for a total transaction of $10,200.00.
- On Friday, March 21st, Aleksandar Milovanovic acquired 140,000 shares of Golden Matrix Group stock. The shares were purchased at an average price of $1.96 per share, for a total transaction of $274,400.00.
- On Friday, March 14th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.17 per share, with a total value of $108,500.00.
- On Friday, March 7th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $2.16 per share, for a total transaction of $108,000.00.
- On Tuesday, March 4th, Aleksandar Milovanovic acquired 2,514 shares of Golden Matrix Group stock. The stock was purchased 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 acquired 100,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.85 per share, with a total value of $185,000.00.
- On Wednesday, February 5th, Aleksandar Milovanovic bought 20,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, for a total transaction of $37,000.00.
Golden Matrix Group Trading Up 6.9 %
GMGI opened at $2.01 on Thursday. Golden Matrix Group, Inc. has a 52-week low of $1.70 and a 52-week high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $2.00 and a 200-day moving average of $2.16.
Institutional Investors Weigh In On Golden Matrix Group
Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in Golden Matrix Group during the 4th quarter worth $84,000. Northern Trust Corp grew its holdings in Golden Matrix Group by 6.7% during the fourth 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 period. Geode Capital Management LLC grew its holdings in Golden Matrix Group by 14.4% during the fourth 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 during the period. JPMorgan Chase & Co. boosted its holdings in shares of Golden Matrix Group by 460.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company's stock worth $101,000 after acquiring an additional 41,752 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Golden Matrix Group by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company's stock worth $80,000 after acquiring an additional 8,061 shares during the period. 2.74% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Maxim Group initiated coverage on Golden Matrix Group in a research report on Friday, February 21st. They issued a "buy" rating and a $4.00 target price for the company.
Read Our Latest Analysis on GMGI
Golden Matrix Group Company Profile
(
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.
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