Insider Buying: Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Buys 250,000 Shares of Stock

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

Odyssey Marine Exploration Stock Up 18.7 %

Shares of OMEX stock traded up $0.08 during trading hours on Thursday, reaching $0.48. 6,774,511 shares of the company’s stock were exchanged, compared to its average volume of 2,327,218. 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 moving average price of $0.46 and a 200-day moving average price of $2.49.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Odyssey Marine Exploration in a research report on Friday, December 20th. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cowen AND Company LLC increased its stake in 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 period. Renaissance Technologies LLC bought a new stake in shares of Odyssey Marine Exploration during the second quarter valued at approximately $372,000. Voisard Asset Management Group Inc. raised 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 purchasing an additional 32,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Odyssey Marine Exploration in the third quarter valued at $32,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.