Aleksandar Milovanovic Acquisitions of Golden Matrix Group Shares

On February 5th, 2024, Aleksandar Milovanovic, an insider of Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report), made a notable investment by purchasing 20,000 shares. These shares were acquired at an average price of $1.85 each, totaling a significant $37,000. Following this acquisition, Milovanovic now holds a total of 77,934,616 shares, which are valued at approximately $144,179,039.60. This latest transaction marks a minor increase of 0.03% in his ownership stake. The details of this trade were formally disclosed through a legal filing with the Securities & Exchange Commission (SEC), available on their official website.

Aleksandar Milovanovic has been active in the market, with additional recent trades including:

• On February 3rd, he purchased 50,000 shares at an average price of $1.80, equating to a total of $90,000.
• On November 12th, he acquired 1,499 shares at an average cost of $2.69, amounting to a total value of $4,032.31.

Performance of Golden Matrix Group Stock

During trading on the following Friday, Golden Matrix Group's stock experienced a slight decrease of $0.02, closing at $1.84. The trading volume for the day reached 153,132 shares, surpassing its average volume of 133,665. The company's financial metrics 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 seen a low of $1.70 and a high of $6.27. The 50-day moving average stands at $2.04, while the 200-day moving average is $2.28.

Golden Matrix Group reported its latest earnings on November 12th, unveiling an earnings per share (EPS) loss of ($0.03) for the quarter. The company experienced a negative net margin of 3.07% and a negative return on equity of 3.93%, with total revenue for the quarter reaching $40.99 million. Analysts predict an EPS of 0.03 for the current fiscal year.

Institutional Investor Movements

In recent quarters, several institutional investors have adjusted their positions in Golden Matrix Group. Noteworthy transactions include:

• SG Americas Securities LLC took a new position valued at about $28,000.
• Kera Capital Partners Inc. also acquired shares worth $40,000.
• Virtu Financial LLC increased its stake by 56.0% in Q3 and now owns 23,431 shares valued at $55,000.
• Barclays PLC raised its holdings by an impressive 332.6%, owning 29,160 shares worth $67,000.
• Bank of New York Mellon Corp boosted its stake by 24.7%, holding 40,632 shares valued at $80,000.

Overall, approximately 2.74% of the company's stock is owned by hedge funds and institutional investors.

Overview of Golden Matrix Group, Inc.

Golden Matrix Group, Inc. is a provider of enterprise software-as-a-service (SaaS) solutions tailored for online casino and sports betting operators. The company develops and owns gaming intellectual property while creating platforms for operators primarily in the Asia Pacific region. These platforms enable customers to manage online casinos, sportsbooks, lotteries, and live gaming experiences, and they offer access to a plethora of licensed gaming content from various providers.

investment, shares, trade