Rhumbline Advisers Has $36,000 Stock Holdings in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Rhumbline Advisers trimmed its stake in shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) by 83.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,127 shares of the company’s stock after selling 88,322 shares during the quarter. Rhumbline Advisers’ holdings in Golden Matrix Group were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GMGI. Bank of New York Mellon Corp increased its position in Golden Matrix Group by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after purchasing an additional 8,061 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Golden Matrix Group in the 4th quarter valued at approximately $84,000. JPMorgan Chase & Co. raised its stake in shares of Golden Matrix Group by 460.5% during the fourth 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 during the last quarter. Northern Trust Corp lifted its holdings in shares of Golden Matrix Group by 6.7% during the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after purchasing an additional 10,690 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Golden Matrix Group by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock worth $1,235,000 after purchasing an additional 78,427 shares during the period. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Golden Matrix Group Stock Performance

Shares of Golden Matrix Group stock opened at $1.71 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.74 and a debt-to-equity ratio of 0.12. Golden Matrix Group, Inc. has a twelve month low of $1.33 and a twelve month high of $3.10. The stock has a market cap of $236.99 million, a price-to-earnings ratio of -34.20 and a beta of 0.39. The company’s fifty day moving average is $1.77 and its 200 day moving average is $1.93.

Insider Buying and Selling

In other Golden Matrix Group news, insider Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $1.94 per share, with a total value of $194,000.00. Following the completion of the purchase, the insider now directly owns 84,708,663 shares in the company, valued at $164,334,806.22. This trade represents a 0.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 265,880 shares of company stock valued at $510,565 over the last 90 days. 23.20% of the stock is owned by insiders.

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.