Virtu Financial LLC Buys 8,408 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI)

by · The Markets Daily

Virtu Financial LLC lifted its stake in shares of Golden Matrix Group, Inc. (NASDAQ:GMGI – Free Report) by 56.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,431 shares of the company’s stock after purchasing an additional 8,408 shares during the quarter. Virtu Financial LLC’s holdings in Golden Matrix Group were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Golden Matrix Group by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock worth $1,270,000 after purchasing an additional 32,182 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Golden Matrix Group by 675.9% during the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after purchasing an additional 114,900 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Golden Matrix Group in the second quarter valued at approximately $120,000. Marshall Wace LLP bought a new position in Golden Matrix Group in the 2nd quarter valued at approximately $91,000. Finally, Barclays PLC grew its holdings in Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after acquiring an additional 22,420 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

Golden Matrix Group Stock Down 2.0 %

Shares of NASDAQ GMGI opened at $1.94 on Friday. The firm has a 50 day moving average price of $2.36 and a two-hundred day moving average price of $2.48. Golden Matrix Group, Inc. has a 52-week low of $1.89 and a 52-week high of $6.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82.

Insider Buying and Selling

In related news, insider Aleksandar Milovanovic acquired 14,038 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of $2.69 per share, with a total value of $37,762.22. Following the completion of the purchase, the insider now directly owns 77,502,008 shares in the company, valued at $208,480,401.52. The trade was a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 49,596 shares of company stock valued at $121,380 over the last 90 days. 23.20% of the stock is owned by insiders.

About Golden Matrix Group

(Free Report)

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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