Renaissance Technologies LLC Has $40,000 Stock Position in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Renaissance Technologies LLC cut its stake in shares of Golden Matrix Group, Inc. (NASDAQ:GMGI) by 60.8% in the 4th quarter, HoldingsChannel reports. The fund owned 20,300 shares of the company’s stock after selling 31,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Golden Matrix Group were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GMGI. SG Americas Securities LLC bought a new position in shares of Golden Matrix Group during the fourth quarter worth approximately $28,000. Kera Capital Partners Inc. acquired a new position in Golden Matrix Group in the 4th quarter valued at $40,000. Virtu Financial LLC increased its position in 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 buying an additional 8,408 shares during the period. Barclays PLC lifted its holdings in shares of Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after buying an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Golden Matrix Group by 24.7% in the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock valued at $80,000 after acquiring an additional 8,061 shares during the period. Institutional investors own 2.74% of the company’s stock.

Analysts Set New Price Targets

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

Golden Matrix Group Stock Down 3.2 %

NASDAQ GMGI opened at $1.79 on Friday. 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 50 day moving average of $2.00 and a 200-day moving average of $2.12. Golden Matrix Group, Inc. has a 1-year low of $1.70 and a 1-year high of $6.27.

Insiders Place Their Bets

In other news, insider Aleksandar Milovanovic bought 100,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $1.86 per share, with a total value of $186,000.00. Following the acquisition, the insider now directly owns 78,514,616 shares in the company, valued at $146,037,185.76. This represents a 0.13 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 709,606 shares of company stock worth $1,386,655 in the last 90 days. Company 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.