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 purchased 20,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was bought at an average price of $1.04 per share, with a total value of $20,800.00. Following the acquisition, the chief financial officer owned 95,000 shares in the company, valued at $98,800. This trade represents a 26.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, August 26th, Richard Christensen bought 25,000 shares of Golden Matrix Group stock. The stock was bought at an average price 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 stock was purchased at an average cost of $1.36 per share, for a total transaction of $6,800.00.
• On Monday, August 11th, Richard Christensen bought 30,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.39 per share, for a total transaction of $41,700.00.

Golden Matrix Group Stock Performance

NASDAQ GMGI traded up $0.04 during trading on Monday, hitting $1.06. The company's stock had a trading volume of 272,773 shares, compared to its average volume of 202,042. Golden Matrix Group, Inc. has a 52 week low of $0.95 and a 52 week high of $3.06. The firm has a market cap of $147.85 million, a P/E ratio of -13.24 and a beta of 0.32. The firm has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.75. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 0.09.

Golden Matrix Group (NASDAQ:GMGI - Get Free Report) last announced 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 return on equity of 7.50% and a negative net margin of 5.41%. Equities research analysts forecast that Golden Matrix Group, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Golden Matrix Group

Institutional investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC bought a new position in shares of Golden Matrix Group in the second quarter valued at $90,000. Squarepoint Ops LLC purchased a new position in Golden Matrix Group during the fourth quarter valued at $84,000. JPMorgan Chase & Co. increased its position in shares of Golden Matrix Group by 460.5% during the 4th 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 during the last quarter. Marshall Wace LLP purchased a new stake in Golden Matrix Group during the 2nd quarter valued at approximately $57,000. Finally, Nuveen LLC purchased a new position in Golden Matrix Group during the first quarter worth $52,000. 2.74% of the stock is owned by institutional investors.

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.