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 dated Monday, July 21st. The shares were sold at an average price of $1.63, for a total transaction of $81,500.00. Following the transaction, the chief executive officer owned 8,704,079 shares in the company, valued at approximately $14,187,648.77. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, July 14th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $1.74, for a total transaction of $87,000.00.
• On Monday, July 7th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were 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 value of $87,500.00.

Golden Matrix Group Trading Down 1.2%

Shares of Golden Matrix Group stock traded down $0.02 during trading on Friday, reaching $1.64. 49,697 shares of the company were exchanged, compared to its average volume of 187,431. The business has a 50-day moving average price of $1.70 and a 200-day moving average price of $1.88. The firm has a market capitalization of $227.29 million, a price-to-earnings ratio of -32.80 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of 0.12. Golden Matrix Group, Inc. has a twelve month low of $1.33 and a twelve month high of $3.06.

Hedge Funds Weigh In On Golden Matrix Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake 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 valued at $80,000 after acquiring an additional 8,061 shares during the last quarter. Northern Trust Corp grew its holdings in 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 purchasing an additional 10,690 shares during the period. Nuveen LLC bought a new stake in Golden Matrix Group in the first quarter valued at approximately $52,000. JPMorgan Chase & Co. increased 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 valued at $101,000 after purchasing an additional 41,752 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Golden Matrix Group in the fourth quarter worth $84,000. Institutional investors own 2.74% of the company's stock.

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.