Mark B. Justh Purchases 50,000 Shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Stock

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Mark B. Justh purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average price of $0.64 per share, with a total value of $32,000.00. Following the acquisition, the director now directly owns 551,124 shares in the company, valued at approximately $352,719.36. The trade was a 9.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Odyssey Marine Exploration Stock Up 7.2 %

NASDAQ OMEX opened at $0.74 on Friday. The firm’s 50-day moving average is $0.47 and its two-hundred day moving average is $2.28. Odyssey Marine Exploration, Inc. has a 12 month low of $0.30 and a 12 month high of $5.57.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Odyssey Marine Exploration in a research note on Saturday, December 28th. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Odyssey Marine Exploration

Several large investors have recently made changes to their positions in OMEX. Voisard Asset Management Group Inc. grew 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 valued at $30,000 after buying an additional 32,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Odyssey Marine Exploration during the 3rd quarter valued at about $32,000. Cowen AND Company LLC grew its position in 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 acquiring an additional 6,000 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Odyssey Marine Exploration during the second quarter worth about $372,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.