Golden Matrix Group, Inc. Insider Aleksandar Milovanovic Purchases 20,000 Shares

On February 5th, insider Aleksandar Milovanovic of Golden Matrix Group, Inc. (NASDAQ:GMGI) made a significant investment by buying 20,000 shares of the company. The shares were acquired at an average price of $1.85 each, totaling $37,000. After this transaction, Milovanovic now holds 77,934,616 shares of Golden Matrix Group, which are valued at approximately $144,179,039.60. This purchase marks a slight increase of 0.03% in his ownership stake. The details of the transaction were filed with the Securities and Exchange Commission (SEC) and can be found on the SEC's website.

Aleksandar Milovanovic has recently been active in trading Golden Matrix Group stock. On February 3rd, he purchased 50,000 shares at an average cost of $1.80 per share, amounting to $90,000. Additionally, on November 12th, he acquired 1,499 shares at a price of $2.69 each, leading to a total expenditure of $4,032.31.

Performance of Golden Matrix Group Stock

In recent trading, Golden Matrix Group's stock saw a minor drop of $0.02, bringing its price to $1.84. The trading volume for the day was 153,132 shares, exceeding the average volume of 133,665 shares. Financial metrics for the company indicate a quick ratio of 0.75, a current ratio of 0.82, and a debt-to-equity ratio of 0.18. Over the past year, the stock has fluctuated between a low of $1.70 and a high of $6.27. As for moving averages, the fifty-day average stands at $2.04, while the two-hundred-day average is at $2.28.

Golden Matrix Group released its latest earnings report on November 12th, indicating a loss of ($0.03) per share for the quarter. The company experienced a negative net margin of 3.07% and a negative return on equity of 3.93%. Revenue for the quarter totaled $40.99 million. Analysts project that Golden Matrix Group, Inc. will report an EPS of 0.03 for the current fiscal year.

Investment Trends in Golden Matrix Group

Several institutional investors and hedge funds have recently modified their stakes in Golden Matrix Group. For instance, SG Americas Securities LLC entered a new position in the fourth quarter valued at about $28,000. Kera Capital Partners Inc. also bought shares during the same period, investing approximately $40,000. Additionally, Virtu Financial LLC increased its holdings by 56.0% in the third quarter, now owning 23,431 shares valued at $55,000 after acquiring 8,408 shares. Barclays PLC vastly raised its stake by 332.6% during the third quarter, now owning 29,160 shares worth $67,000 after purchasing 22,420 additional shares. Moreover, Bank of New York Mellon Corp boosted its holdings by 24.7% in the fourth quarter, now holding 40,632 shares valued at $80,000. Currently, around 2.74% of the company's stock is held by institutional investors and hedge funds.

About Golden Matrix Group

Golden Matrix Group, Inc. provides software-as-a-service solutions for online casino and sports betting operators. The company is involved in developing and owning online gaming intellectual properties and creating gaming platforms for clients, primarily in the Asia Pacific region. Their platform enables clients to operate online casinos, sportsbooks, lotteries, and live games, while also granting access to a portfolio of licensed gaming content from various providers.

Conclusion

The recent share purchase by Aleksandar Milovanovic underscores the insider's confidence in Golden Matrix Group. As the company continues to navigate the market environment, stakeholder movements and stock performance will be keys to watch for investors.

GoldenMatrixGroup, insider, stock