Goldman Sachs Group Inc. Sells 24,621 Shares of Golden Matrix Group, Inc. $GMGI

Goldman Sachs Group Inc. decreased its holdings in Golden Matrix Group, Inc. (NASDAQ:GMGI) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,340 shares of the company’s stock after selling 24,621 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Golden Matrix Group were worth $113,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GMGI. Squarepoint Ops LLC bought a new position in Golden Matrix Group in the 4th quarter valued at $84,000. Nuveen LLC bought a new position in Golden Matrix Group in the 1st quarter valued at $52,000. Finally, Northern Trust Corp raised its position in Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock valued at $335,000 after purchasing an additional 10,690 shares during the last quarter. Institutional investors own 2.74% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Richard Christensen bought 25,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of $1.30 per share, for a total transaction of $32,500.00. Following the completion of the transaction, the chief financial officer directly owned 75,000 shares in the company, valued at $97,500. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Anthony Brian Goodman sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1.05, for a total value of $52,500.00. Following the sale, the chief executive officer owned 8,404,079 shares of the company’s stock, valued at approximately $8,824,282.95. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 80,000 shares of company stock valued at $101,800 and have sold 250,000 shares valued at $387,500. Insiders own 23.20% of the company’s stock.

Golden Matrix Group Trading Up 1.7%

GMGI stock opened at $1.19 on Tuesday. The company has a market cap of $166.99 million, a P/E ratio of -14.88 and a beta of 0.32. Golden Matrix Group, Inc. has a twelve month low of $0.91 and a twelve month high of $3.06. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $1.27 and a 200-day moving average of $1.63.

Golden Matrix Group (NASDAQ:GMGI) last released its earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter. Golden Matrix Group had a negative return on equity of 7.50% and a negative net margin of 5.41%. As a group, equities research analysts expect that Golden Matrix Group, Inc. will post 0.03 EPS for the current year.

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.