Mark B. Justh Acquires 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 on 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 completion of the purchase, the director now owns 551,124 shares in the company, valued at approximately $352,719.36. This trade represents a 9.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Odyssey Marine Exploration Trading Up 7.2 %

Shares of NASDAQ:OMEX opened at $0.74 on Friday. The stock has a 50 day moving average of $0.47 and a 200 day moving average of $2.28. Odyssey Marine Exploration, Inc. has a 12-month low of $0.30 and a 12-month high of $5.57.

Institutional Inflows and Outflows

A number of hedge funds 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% 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 acquiring an additional 32,000 shares during the period. Virtu Financial LLC bought a new position in Odyssey Marine Exploration in the 3rd quarter worth approximately $32,000. Cowen AND Company LLC boosted its stake 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 worth $176,000 after purchasing an additional 6,000 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Odyssey Marine Exploration in the 2nd quarter worth approximately $372,000. 49.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Odyssey Marine Exploration in a research note on Sunday. They set 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.