Golden Matrix Group, Inc. (NASDAQ:GMGI) CFO Richard Christensen Purchases 10,000 Shares

Golden Matrix Group, Inc. (NASDAQ:GMGI) CFO Richard Christensen purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $1.36 per share, with a total value of $13,600.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $13,600. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Golden Matrix Group Trading Up 5.3%

Shares of Golden Matrix Group stock opened at $1.79 on Friday. Golden Matrix Group, Inc. has a 1 year low of $1.33 and a 1 year high of $6.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. The company has a market capitalization of $247.68 million, a price-to-earnings ratio of -35.80 and a beta of 0.41. The business has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $2.02.

Institutional Investors Weigh In On Golden Matrix Group

A number of hedge funds and other institutional investors have recently modified their holdings of GMGI. Rhumbline Advisers lifted its holdings in shares of Golden Matrix Group by 390.5% during the fourth quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after buying an additional 84,749 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Golden Matrix Group by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock worth $1,235,000 after buying an additional 78,427 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Golden Matrix Group during the fourth quarter worth $84,000. JPMorgan Chase & Co. lifted its holdings in shares of Golden Matrix Group by 460.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock worth $101,000 after buying an additional 41,752 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Golden Matrix Group during the first quarter worth $52,000. Institutional investors and hedge funds own 2.74% of the company’s stock.

Analyst Ratings Changes

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

About Golden Matrix Group

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.