Golden Matrix Group, Inc. (NASDAQ:GMGI) CFO Richard Christensen Buys 30,000 Shares

Key Points

• Richard Christensen, CFO of Golden Matrix Group, purchased 30,000 shares of stock at an average cost of $1.39 per share, raising his total ownership to 40,000 shares.
• The company's stock price rose 2.6% to $1.37, with a recent trading volume of 19,921 shares compared to an average of 177,676 shares.
• Golden Matrix Group reported a negative earnings per share of ($0.03) for the last quarter, reflecting financial challenges with a negative net margin of 5.41%.

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CFO Richard Christensen acquired 30,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $1.39 per share, for a total transaction of $41,700.00. Following the completion of the acquisition, the chief financial officer directly owned 40,000 shares of the company's stock, valued at approximately $55,600. This represents a 300.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Richard Christensen also recently made the following trade(s):

• On Tuesday, August 12th, Richard Christensen acquired 5,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.36 per share, for a total transaction of $6,800.00.
• On Tuesday, May 27th, Richard Christensen acquired 10,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.36 per share, for a total transaction of $13,600.00.

Golden Matrix Group Stock Performance

NASDAQ GMGI remained flat at $1.34 during trading on Friday. The company's stock had a trading volume of 140,732 shares, compared to its average volume of 195,394. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.54 and a current ratio of 0.61. The stock has a fifty day moving average price of $1.63 and a 200 day moving average price of $1.82. The firm has a market capitalization of $186.90 million, a P/E ratio of -16.75 and a beta of 0.34. Golden Matrix Group, Inc. has a 12 month low of $1.28 and a 12 month high of $3.06.

Golden Matrix Group (NASDAQ:GMGI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter. Golden Matrix Group had a negative net margin of 5.41% and a negative return on equity of 7.50%. Equities research analysts expect that Golden Matrix Group, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new position in shares of Golden Matrix Group in the fourth quarter valued at approximately $84,000. Geode Capital Management LLC raised its stake in shares of Golden Matrix Group by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company's stock valued at $1,235,000 after acquiring an additional 78,427 shares during the last quarter. Northern Trust Corp raised its stake in shares of Golden Matrix Group by 6.7% in the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company's stock valued at $335,000 after acquiring an additional 10,690 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 41,752 shares during the last quarter. Finally, Topline Capital Management LLC bought a new position in shares of Golden Matrix Group in the second quarter valued at approximately $90,000. 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.