Golden Matrix Group, Inc. (NASDAQ:GMGI) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Golden Matrix Group, Inc. (NASDAQ:GMGI) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 545,071 shares of the company’s stock after purchasing an additional 32,182 shares during the period. Geode Capital Management LLC owned 0.42% of Golden Matrix Group worth $1,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GMGI. Renaissance Technologies LLC increased its position in Golden Matrix Group by 675.9% in the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after buying an additional 114,900 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Golden Matrix Group during the second quarter valued at $120,000. Marshall Wace LLP bought a new position in shares of Golden Matrix Group during the second quarter worth about $91,000. Barclays PLC increased its holdings in shares of Golden Matrix Group by 332.6% in 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 period. Finally, Rhumbline Advisers bought a new stake in Golden Matrix Group in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 2.74% of the company’s stock.

Golden Matrix Group Stock Down 3.9 %

Golden Matrix Group stock opened at $1.98 on Friday. The firm has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $2.35. 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 current ratio of 0.82 and a quick ratio of 0.75.

Insider Transactions at Golden Matrix Group

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 acquired at an average cost of $2.69 per share, for a total transaction 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. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders acquired 49,596 shares of company stock worth $121,380. Company insiders own 23.20% of the company’s stock.

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.