Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Anthony Brian Goodman Sells 50,000 Shares

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $1.71, for a total value of $85,500.00. Following the completion of the transaction, the chief executive officer owned 8,804,079 shares of the company's stock, valued at $15,054,975.09. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, June 30th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $1.75, for a total transaction of $87,500.00.

Golden Matrix Group Price Performance

Shares of GMGI traded down $0.08 during mid-day trading on Wednesday, reaching $1.75. 104,736 shares of the stock traded hands, compared to its average volume of 136,309. The firm has a fifty day moving average price of $1.72 and a 200 day moving average price of $1.91. The company has a market cap of $241.84 million, a price-to-earnings ratio of -34.90 and a beta of 0.35. The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. Golden Matrix Group, Inc. has a 1 year low of $1.33 and a 1 year high of $3.10.

Institutional Trading of Golden Matrix Group

Several institutional investors have recently added to or reduced their stakes in GMGI. Rhumbline Advisers boosted 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 purchasing an additional 84,749 shares during the period. Bank of New York Mellon Corp raised its stake in Golden Matrix Group by 24.7% in the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company's stock worth $80,000 after buying an additional 8,061 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Golden Matrix Group by 460.5% in 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. Geode Capital Management LLC raised its stake in Golden Matrix Group by 14.4% in 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. Finally, Northern Trust Corp raised its stake in Golden Matrix Group by 6.7% in the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company's stock worth $335,000 after buying an additional 10,690 shares in the last quarter. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

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