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

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

Odyssey Marine Exploration Stock Up 7.2 %

Shares of Odyssey Marine Exploration stock opened at $0.74 on Monday. The company has a 50 day moving average of $0.47 and a 200-day moving average of $2.26. Odyssey Marine Exploration, Inc. has a 1-year low of $0.30 and a 1-year high of $5.57.

Institutional Investors Weigh In On Odyssey Marine Exploration

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cowen AND Company LLC raised its holdings 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 buying an additional 6,000 shares in the last quarter. Voisard Asset Management Group Inc. grew its position in 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 acquiring an additional 32,000 shares during the last quarter. Virtu Financial LLC acquired a new position in Odyssey Marine Exploration during the third quarter worth about $32,000. Finally, Renaissance Technologies LLC bought a new position in shares of Odyssey Marine Exploration in the second quarter worth about $372,000. 49.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Odyssey Marine Exploration in a research note on Sunday. They issued a “sell” rating for the company.

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.