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

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Mark B. Justh purchased 250,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were bought at an average cost of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the director now owns 501,124 shares in the company, valued at approximately $275,618.20. This trade represents a 99.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Odyssey Marine Exploration Stock Performance

Shares of OMEX stock opened at $0.63 on Friday. Odyssey Marine Exploration, Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $5.57. The business has a fifty day simple moving average of $0.45 and a 200-day simple moving average of $2.45.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Odyssey Marine Exploration

Hedge funds have recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. grew its position 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 purchasing an additional 32,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration in the third quarter valued at $32,000. Cowen AND Company LLC boosted its stake in shares of Odyssey Marine Exploration by 20.0% during the second 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 during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration during the second quarter valued at $372,000. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.