Insider Buying: Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Purchases 140,000 Shares of Stock

Posted by Jim Brewer on Mar 27th, 2025

Golden Matrix Group, Inc. (NASDAQ:GMGI – Get Free Report) insider Aleksandar Milovanovic bought 140,000 shares of the stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $1.96 per share, with a total value of $274,400.00. Following the completion of the acquisition, the insider now owns 79,460,291 shares of the company’s stock, valued at $155,742,170.36. This represents a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were bought at an average cost 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 bought at an average price of $1.97 per share, for a total transaction of $8,297.64.
On Tuesday, February 25th, Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.04 per share, for a total transaction of $10,200.00.
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, with a total value of $108,500.00.
On Friday, March 7th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was purchased 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 purchased at an average cost 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 purchased at an average cost 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 shares were 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 stock was purchased at an average price of $1.85 per share, for a total transaction of $37,000.00.
On Monday, February 3rd, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Trading Up 6.4 %

GMGI stock traded up $0.13 during mid-day trading on Wednesday, reaching $2.15. 163,436 shares of the company traded hands, compared to its average volume of 143,408. Golden Matrix Group, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $6.27. The firm’s 50 day moving average price is $2.00 and its 200 day moving average price is $2.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Wall Street Analyst Weigh In

Separately, Maxim Group assumed coverage on shares of Golden Matrix Group in a report on Friday, February 21st. They set a “buy” rating and a $4.00 price objective for the company.

Check Out Our Latest Stock Analysis on Golden Matrix Group

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Golden Matrix Group during the 4th quarter valued at $28,000. Kera Capital Partners Inc. bought a new position in shares of Golden Matrix Group during the fourth quarter valued at about $40,000. Virtu Financial LLC boosted its holdings in Golden Matrix Group by 56.0% during the third quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after purchasing an additional 8,408 shares during the last quarter. Barclays PLC grew its position in Golden Matrix Group by 332.6% in the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after purchasing an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Golden Matrix Group by 24.7% in the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after purchasing an additional 8,061 shares in the last quarter. Hedge funds and other institutional investors own 2.74% of the company’s stock.

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.