Jane Street Group LLC Decreases Stake in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Jane Street Group LLC lowered its position in Golden Matrix Group, Inc. (NASDAQ:GMGI) by 39.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,275 shares of the company’s stock after selling 7,450 shares during the period. Jane Street Group LLC’s holdings in Golden Matrix Group were worth $26,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Golden Matrix Group in the second quarter valued at $120,000. Rhumbline Advisers purchased a new stake in Golden Matrix Group during the second quarter worth approximately $43,000. Renaissance Technologies LLC increased its holdings in Golden Matrix Group by 675.9% in the 2nd quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock valued at $326,000 after purchasing an additional 114,900 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Golden Matrix Group in the second quarter valued at about $30,000. Finally, Marshall Wace LLP acquired a new stake in Golden Matrix Group in the second quarter valued at approximately $91,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Insider Buying and Selling at Golden Matrix Group

In related news, insider Aleksandar Milovanovic bought 14,038 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of $2.69 per share, for a total transaction of $37,762.22. Following the purchase, the insider now owns 77,502,008 shares in the company, valued at $208,480,401.52. This trade represents a 0.02 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired a total of 49,596 shares of company stock worth $121,380 in the last 90 days. 23.20% of the stock is owned by corporate insiders.

Golden Matrix Group Stock Performance

Golden Matrix Group stock opened at $2.19 on Friday. Golden Matrix Group, Inc. has a 12-month low of $1.86 and a 12-month high of $6.27. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $2.24 and its 200 day moving average price is $2.33.

Golden Matrix Group 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.