Golden Matrix Group, Inc. (NASDAQ:GMGI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Golden Matrix Group, Inc. (NASDAQ:GMGI) by 6.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 545,071 shares of the company’s stock after purchasing an additional 32,182 shares during the period. Geode Capital Management LLC’s holdings in Golden Matrix Group were worth $1,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Golden Matrix Group by 675.9% in the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock valued at $326,000 after buying an additional 114,900 shares during the period. Bank of New York Mellon Corp bought a new stake in Golden Matrix Group in the second quarter worth about $120,000. Marshall Wace LLP acquired a new stake in Golden Matrix Group in the 2nd quarter valued at about $91,000. Barclays PLC boosted its position in shares of Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after purchasing an additional 22,420 shares in the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of Golden Matrix Group in the 2nd quarter worth approximately $43,000. 2.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Golden Matrix Group news, insider Aleksandar Milovanovic bought 25,000 shares of Golden Matrix Group stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of $2.35 per share, for a total transaction of $58,750.00. Following the completion of the acquisition, the insider now directly owns 77,462,970 shares of the company’s stock, valued at approximately $182,037,979.50. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 49,596 shares of company stock worth $121,380 over the last ninety days. 23.20% of the stock is currently owned by company insiders.

Golden Matrix Group Stock Performance

NASDAQ GMGI opened at $1.98 on Friday. Golden Matrix Group, Inc. has a 1 year low of $1.89 and a 1 year high of $6.27. The business’s fifty day moving average is $2.29 and its two-hundred day moving average is $2.35. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

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.