Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Sells $85,500.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $1.71, for a total transaction 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. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $1.75, for a total transaction of $87,500.00.

Golden Matrix Group Price Performance

GMGI stock traded down $0.01 during midday trading on Friday, reaching $1.83. The company had a trading volume of 172,590 shares, compared to its average volume of 137,482. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.74 and a quick ratio of 0.66. The firm has a 50-day moving average price of $1.71 and a 200-day moving average price of $1.91. Golden Matrix Group, Inc. has a 1 year low of $1.33 and a 1 year high of $3.10. The company has a market capitalization of $254.18 million, a P/E ratio of -36.60 and a beta of 0.35.

Institutional Investors Weigh In On Golden Matrix Group

Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Golden Matrix Group by 390.5% in the 4th quarter. Rhumbline Advisers now owns 106,449 shares of the company's stock worth $211,000 after acquiring an additional 84,749 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Golden Matrix Group by 24.7% in the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company's stock worth $80,000 after acquiring an additional 8,061 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Golden Matrix Group by 460.5% in the 4th quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company's stock worth $101,000 after acquiring an additional 41,752 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Golden Matrix Group by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 623,498 shares of the company's stock worth $1,235,000 after acquiring an additional 78,427 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company's stock worth $335,000 after acquiring an additional 10,690 shares during the last quarter. Institutional investors own 2.74% of the company's stock.

Golden Matrix Group Company Profile

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.