Barclays PLC Increases Stake in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Barclays PLC grew its position in shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) by 332.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,160 shares of the company’s stock after buying an additional 22,420 shares during the quarter. Barclays PLC’s holdings in Golden Matrix Group were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $326,000 after buying an additional 114,900 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Golden Matrix Group during the 2nd quarter valued at about $120,000. Marshall Wace LLP bought a new stake in shares of Golden Matrix Group in the second quarter worth approximately $91,000. Geode Capital Management LLC raised its holdings in shares of Golden Matrix Group by 6.3% during the third quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock valued at $1,270,000 after purchasing an additional 32,182 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in Golden Matrix Group during the second quarter valued at approximately $43,000. Institutional investors own 2.74% of the company’s stock.

Golden Matrix Group Stock Up 0.5 %

GMGI stock opened at $2.05 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group, Inc. has a 1 year low of $1.86 and a 1 year high of $6.27. The stock’s fifty day moving average price is $2.17 and its 200-day moving average price is $2.32.

Golden Matrix Group (NASDAQ:GMGI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%. The business had revenue of $40.99 million during the quarter.

Insider Transactions at Golden Matrix Group

In other Golden Matrix Group news, insider Aleksandar Milovanovic acquired 25,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of $2.35 per share, for a total transaction of $58,750.00. Following the completion of the transaction, the insider now directly owns 77,462,970 shares of the company’s stock, valued at approximately $182,037,979.50. The trade was a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders purchased 49,596 shares of company stock worth $121,380 in the last three months. Corporate insiders own 23.20% of the company’s stock.

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.