Aleksandar Milovanovic Acquires 100,000 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) Stock

On February 14th, insider Aleksandar Milovanovic of Golden Matrix Group, Inc. (NASDAQ: GMGI) made a significant investment by acquiring 100,000 shares of the company’s stock. The shares were purchased at an average price of $1.85 each, amounting to a total investment of $185,000. Following this transaction, Milovanovic's total ownership in Golden Matrix Group has increased, now holding 78,414,616 shares, which are valued at approximately $145,067,039.60. This represents a slight increase of 0.13% in his overall position in the company. Details of this transaction were filed with the Securities and Exchange Commission (SEC), where the full disclosure can be accessed.

Aleksandar Milovanovic has been active in trading Golden Matrix Group stock recently. On February 18th, he purchased another 100,000 shares at $1.86 per share, totaling $186,000. Earlier, on February 5th, he acquired 20,000 shares at $1.85 each for a total of $37,000. Additionally, on February 3rd, he bought 50,000 shares at an average price of $1.80, costing $90,000.

Golden Matrix Group Current Stock Performance

The stock for Golden Matrix Group opened at $1.85 on the most recent trading day. Over the last year, the shares have seen a low of $1.70 and a high of $6.27. The company's average stock price over the last 50 days stands at $1.99, while the 200-day average price is higher at $2.25. In terms of financial health, Golden Matrix Group has a current ratio of 0.82, a quick ratio of 0.75, and a relatively low debt-to-equity ratio of 0.18.

Institutional Investors' Involvement in Golden Matrix Group

Recently, several institutional investors have adjusted their positions in Golden Matrix Group, suggesting increased interest from the investment community. For example, Rhumbline Advisers enhanced its stake by 390.5% during the fourth quarter, acquiring an additional 84,749 shares to hold a total of 106,449 shares valued at around $211,000. Geode Capital Management also increased its holdings by 14.4% during this period, owning 623,498 shares worth approximately $1,235,000 after purchasing an additional 78,427 shares. Other firms like Squarepoint Ops, JPMorgan Chase & Co., and Barclays PLC have also made noteworthy increases to their stakes in Golden Matrix Group. Collectively, institutional investors currently hold about 2.74% of the company's stock.

About Golden Matrix Group

Golden Matrix Group, Inc. specializes in providing enterprise-level software-as-a-service solutions for online casino and sports betting operators. The company is involved in developing and owning online gaming intellectual property and constructing gaming platforms that predominantly serve customers in the Asia Pacific region. Their platform supports operators in managing online casinos, sportsbooks, lotteries, and live gaming experiences. Additionally, they offer access to a variety of licensed gaming content through partnerships with other gaming content providers.

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