Richard Christensen Purchases 20,000 Shares of Golden Matrix Group (NASDAQ:GMGI) Stock

Key Points

• CFO Richard Christensen of Golden Matrix Group acquired an additional 20,000 shares at $1.04 per share, increasing his total holdings to 95,000 shares.
• The company's stock is currently valued at a market capitalization of $145.90 million with a PE ratio of -13.18, reflecting financial challenges.
• Institutional investors have also shown interest, with JPMorgan Chase & Co. increasing its stake by 460.5% in the fourth quarter.

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CFO Richard Christensen acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were bought at an average cost of $1.04 per share, for a total transaction of $20,800.00. Following the completion of the transaction, the chief financial officer directly owned 95,000 shares of the company's stock, valued at $98,800. This represents a 26.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 26th, Richard Christensen acquired 25,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.30 per share, for a total transaction of $32,500.00.
• 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 Monday, August 11th, Richard Christensen acquired 30,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.39 per share, for a total transaction of $41,700.00.

Golden Matrix Group Stock Performance

Shares of GMGI opened at $1.05 on Wednesday. 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 company has a market capitalization of $145.90 million, a PE ratio of -13.18 and a beta of 0.32. The company's 50 day moving average price is $1.53 and its 200 day moving average price is $1.77. Golden Matrix Group, Inc. has a 52 week low of $0.97 and a 52 week high of $3.06.

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

Institutional Trading of Golden Matrix Group

A number of institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted 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 valued at $335,000 after acquiring an additional 10,690 shares during the last quarter. Topline Capital Management LLC acquired a new stake in shares of Golden Matrix Group in the second quarter worth $90,000. JPMorgan Chase & Co. lifted 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 worth $101,000 after buying an additional 41,752 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Golden Matrix Group in the fourth quarter worth $84,000. Finally, Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group in the second quarter worth $57,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.

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