Marshall Wace LLP Makes New Investment in Golden Matrix Group, Inc. (NASDAQ:GMGI)

Marshall Wace LLP bought a new position in Golden Matrix Group, Inc. (NASDAQ:GMGI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,796 shares of the company’s stock, valued at approximately $91,000. Marshall Wace LLP owned 0.10% of Golden Matrix Group as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Golden Matrix Group during the 2nd quarter valued at about $30,000. Rhumbline Advisers bought a new stake in shares of Golden Matrix Group during the 2nd quarter valued at about $43,000. Bank of New York Mellon Corp bought a new stake in shares of Golden Matrix Group during the 2nd quarter valued at about $120,000. Finally, Renaissance Technologies LLC boosted its position in shares of Golden Matrix Group by 675.9% during the 2nd quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock valued at $326,000 after acquiring an additional 114,900 shares during the last quarter. Institutional investors own 2.74% of the company’s stock.

Golden Matrix Group Stock Performance

Shares of GMGI opened at $2.32 on Monday. The company has a market cap of $84.95 million, a PE ratio of -116.00 and a beta of 0.50. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $2.36 and a 200-day moving average price of $3.05. Golden Matrix Group, Inc. has a 12-month low of $2.01 and a 12-month high of $6.27.

Golden Matrix Group 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.