Squarepoint Ops LLC Invests $84,000 in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Squarepoint Ops LLC acquired a new position in shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 42,365 shares of the company’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Golden Matrix Group by 390.5% during the fourth quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after buying an additional 84,749 shares during the period. SG Americas Securities LLC acquired a new position in Golden Matrix Group during the 4th quarter worth about $28,000. Geode Capital Management LLC lifted its stake in Golden Matrix Group by 14.4% during the 4th quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock worth $1,235,000 after acquiring an additional 78,427 shares in the last quarter. Northern Trust Corp boosted its holdings in Golden Matrix Group by 6.7% during the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock valued at $335,000 after acquiring an additional 10,690 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Golden Matrix Group by 460.5% in the 4th quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock valued at $101,000 after acquiring an additional 41,752 shares in the last quarter. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Golden Matrix Group Trading Down 1.6%

Shares of Golden Matrix Group stock opened at $1.89 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $1.84 and a 200-day simple moving average of $1.97. The stock has a market cap of $261.94 million, a price-to-earnings ratio of -37.80 and a beta of 0.39. Golden Matrix Group, Inc. has a 12-month low of $1.33 and a 12-month high of $3.62.

Insider Activity at Golden Matrix Group

In related news, insider Aleksandar Milovanovic acquired 140,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average price of $1.96 per share, for a total transaction of $274,400.00. Following the transaction, the insider now owns 79,460,291 shares in the company, valued at $155,742,170.36. This trade represents a 0.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 455,880 shares of company stock valued at $893,465 in the last ninety days. Corporate 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.