Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Purchases $137,500.00 in Stock

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Mark B. Justh acquired 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average price of $0.55 per share, with a total value of $137,500.00. Following the completion of the acquisition, the director now owns 501,124 shares of the company’s stock, valued at $275,618.20. This represents a 99.55 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Odyssey Marine Exploration Stock Up 30.6 %

Odyssey Marine Exploration stock opened at $0.63 on Friday. Odyssey Marine Exploration, Inc. has a 1-year low of $0.30 and a 1-year high of $5.57. The company has a fifty day simple moving average of $0.45 and a 200 day simple moving average of $2.43.

Hedge Funds Weigh In On Odyssey Marine Exploration

Hedge funds have recently modified their holdings of the stock. Voisard Asset Management Group Inc. raised its holdings in Odyssey Marine Exploration by 800.0% during 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 in the last quarter. Cowen AND Company LLC increased its position in shares of Odyssey Marine Exploration by 20.0% during the 2nd quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after purchasing an additional 6,000 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the 3rd quarter worth approximately $32,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration in the 2nd quarter valued at approximately $372,000. Institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Odyssey Marine Exploration in a research note on Saturday. They set a “sell” rating for the company.

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.