Insider Buying: Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Acquires 50,000 Shares of Stock

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Mark B. Justh purchased 50,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price of $0.64 per share, with a total value of $32,000.00. Following the completion of the purchase, the director now directly owns 551,124 shares in the company, valued at $352,719.36. This trade represents a 9.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Odyssey Marine Exploration Stock Up 7.2 %

Shares of OMEX opened at $0.74 on Friday. Odyssey Marine Exploration, Inc. has a 1 year low of $0.30 and a 1 year high of $5.57. The business’s 50 day simple moving average is $0.47 and its 200-day simple moving average is $2.28.

Institutional Trading of Odyssey Marine Exploration

Several hedge funds have recently modified their holdings of OMEX. Renaissance Technologies LLC purchased a new stake in shares of Odyssey Marine Exploration during the 2nd quarter worth approximately $372,000. Virtu Financial LLC purchased a new stake in Odyssey Marine Exploration during the 3rd quarter valued at $32,000. Voisard Asset Management Group Inc. raised its holdings in Odyssey Marine Exploration by 800.0% during the 3rd 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 during the period. Finally, Cowen AND Company LLC raised its holdings in 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 valued at $176,000 after buying an additional 6,000 shares during the period. 49.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Odyssey Marine Exploration

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.