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

Golden Matrix Group, Inc. (NASDAQ:GMGI) insider Aleksandar Milovanovic purchased 5,000 shares of Golden Matrix Group stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $2.04 per share, for a total transaction of $10,200.00. Following the completion of the purchase, the insider now directly owns 79,177,938 shares in the company, valued at approximately $161,522,993.52. This trade represents a 0.01 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 stock was bought at an average price of $2.17 per share, with a total value of $4,340.00.
• On Thursday, February 27th, Aleksandar Milovanovic purchased 4,212 shares of Golden Matrix Group stock. The shares were purchased at an average price of $1.97 per share, for a total transaction of $8,297.64.
• On Friday, March 21st, Aleksandar Milovanovic acquired 140,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.96 per share, with a total value of $274,400.00.
• On Friday, March 14th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.17 per share, for a total transaction of $108,500.00.
• On Friday, March 7th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were 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 acquired at an average cost of $1.97 per share, with a total value of $4,952.58.
• On Tuesday, February 18th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $1.86 per share, for a total transaction of $186,000.00.
• On Friday, February 14th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.85 per share, with a total value of $185,000.00.
• On Wednesday, February 5th, Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.85 per share, for a total transaction of $37,000.00.
• On Monday, February 3rd, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Stock Performance

Shares of Golden Matrix Group stock opened at $2.10 on Friday. 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 52-week low of $1.70 and a 52-week high of $6.27. The company has a 50 day moving average of $2.00 and a 200 day moving average of $2.20.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Golden Matrix Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings 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 buying an additional 8,061 shares during the last quarter. Virtu Financial LLC boosted its position in shares of 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. Northern Trust Corp increased its holdings 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 valued at $335,000 after acquiring an additional 10,690 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Golden Matrix Group during the 4th quarter worth about $28,000. Finally, Kera Capital Partners Inc. acquired a new position in Golden Matrix Group in the fourth quarter valued at approximately $40,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.