Golden Matrix Group (NASDAQ: GMGI) experienced a substantial boost in institutional investor support during the fourth quarter of 2024, with several prominent financial institutions expanding their positions in the gaming technology company.
Leading the investment surge, RHUMBLINE ADVISERS dramatically increased its stake by 391%, adding 84,749 shares to reach a total of 106,449 shares. Similarly, both Goldman Sachs Group Inc. and JPMorgan Chase & Co. raised their holdings by 180%, demonstrating strong institutional interest in the company.
Notable large-scale investors also expanded their positions, with Geode Capital Management, LLC increasing its holdings by 14% to 623,498 shares, and BlackRock, Inc. adding 33,792 shares, representing a 3% growth. The Vanguard Group Inc. similarly augmented its stake by 1%, holding 491,811 shares.
The quarter also saw new institutional investors entering the market, with Squarepoint Ops LLC and SG Americas Securities, LLC initiating new positions of 42,365 and 13,990 shares respectively. Additional new backers included BNP PARIBAS FINANCIAL MARKETS and NewEdge Advisors, LLC.
This significant institutional investment surge suggests growing confidence in Golden Matrix Group's business model and future prospects in the gaming technology sector. The company's diverse B2B and B2C operations across 19 regulated jurisdictions likely contribute to its attractiveness to institutional investors.
