Insider Selling: Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Sells 50,000 Shares of Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $1.74, for a total transaction of $87,000.00. Following the completion of the transaction, the chief executive officer owned 8,754,079 shares of the company's stock, valued at approximately $15,232,097.46. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 7th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $1.71, for a total transaction of $85,500.00.
• 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 stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.70. The company had a trading volume of 49,365 shares, compared to its average volume of 138,016. Golden Matrix Group, Inc. has a 52-week low of $1.33 and a 52-week high of $3.10. The stock's 50 day moving average price is $1.70 and its 200-day moving average price is $1.90. 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 company has a market capitalization of $234.91 million, a P/E ratio of -33.90 and a beta of 0.35.

Institutional Investors Weigh In On Golden Matrix Group

A number of hedge funds have recently bought and sold shares of GMGI. Nuveen LLC purchased a new stake in shares of Golden Matrix Group in the first quarter valued at $52,000. Bank of New York Mellon Corp grew its holdings in Golden Matrix Group by 24.7% during 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 in the last quarter. Squarepoint Ops LLC bought a new position in Golden Matrix Group during the 4th quarter worth about $84,000. JPMorgan Chase & Co. grew its holdings in Golden Matrix Group by 460.5% during 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 in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Golden Matrix Group by 6.7% during the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company's stock valued at $335,000 after buying an additional 10,690 shares during the last quarter. Hedge funds and other 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.