Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Buys $32,000.00 in Stock

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Mark B. Justh acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the acquisition, the director now owns 551,124 shares in the company, valued at $352,719.36. This represents a 9.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Odyssey Marine Exploration Price Performance

OMEX opened at $0.74 on Monday. The company’s 50 day moving average price is $0.47 and its two-hundred day moving average price is $2.26. Odyssey Marine Exploration, Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $5.57.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently bought and sold shares of OMEX. Cowen AND Company LLC grew its position in shares of Odyssey Marine Exploration by 20.0% in the 2nd quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after buying an additional 6,000 shares during the last quarter. Voisard Asset Management Group Inc. lifted its stake in shares of Odyssey Marine Exploration by 800.0% in the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after acquiring an additional 32,000 shares during the period. Virtu Financial LLC bought a new stake in Odyssey Marine Exploration in the third quarter valued at approximately $32,000. Finally, Renaissance Technologies LLC acquired a new stake in Odyssey Marine Exploration during the 2nd quarter valued at approximately $372,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Odyssey Marine Exploration in a research note on Sunday. They set a “sell” rating on the stock.

Odyssey Marine Exploration Company Profile

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor mineral resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. Odyssey Marine Exploration, Inc was founded in 1994 and is headquartered in Tampa, Florida.