Rhumbline Advisers Buys 84,749 Shares of Golden Matrix Group, Inc. (NASDAQ:GMGI)

Rhumbline Advisers raised its holdings in Golden Matrix Group, Inc. (NASDAQ:GMGI) by 390.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,449 shares of the company’s stock after buying an additional 84,749 shares during the period. Rhumbline Advisers owned 0.08% of Golden Matrix Group worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of 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 purchasing an additional 22,420 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Golden Matrix Group by 6.3% during 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 during the last quarter. Virtu Financial LLC increased its stake in shares of Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after purchasing an additional 8,408 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in shares of Golden Matrix Group during the 4th quarter worth about $40,000. Finally, SG Americas Securities LLC acquired a new position in shares of Golden Matrix Group during the 4th quarter worth about $28,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Golden Matrix Group Stock Down 1.9 %

Golden Matrix Group stock opened at $2.06 on Tuesday. The company’s 50-day moving average is $2.01 and its 200-day moving average is $2.23. Golden Matrix Group, Inc. has a fifty-two week low of $1.70 and a fifty-two 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.

Analyst Ratings Changes

Separately, Maxim Group began coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They set a “buy” rating and a $4.00 price objective on the stock.

Insider Activity at Golden Matrix Group

In related news, insider Aleksandar Milovanovic purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of $1.80 per share, for a total transaction of $90,000.00. Following the purchase, the insider now owns 77,834,303 shares in the company, valued at approximately $140,101,745.40. This represents a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 322,514 shares of company stock worth $610,953. Insiders own 23.20% of the company’s stock.

About Golden Matrix Group

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.