Mark B. Justh Acquires 250,000 Shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Stock

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) Director Mark B. Justh bought 250,000 shares of Odyssey Marine Exploration stock in a transaction dated Tuesday, December 24th. The shares were bought at an average price of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the transaction, the director now directly owns 501,124 shares of the company’s stock, valued at $275,618.20. This represents a 99.55 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Odyssey Marine Exploration Stock Up 18.7 %

Shares of OMEX opened at $0.48 on Friday. The stock’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $2.48. Odyssey Marine Exploration, Inc. has a 12-month low of $0.30 and a 12-month high of $5.57.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Odyssey Marine Exploration in a report on Friday, December 20th. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

Large investors 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% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after buying an additional 32,000 shares during the period. Virtu Financial LLC bought a new position in Odyssey Marine Exploration in the third quarter valued at approximately $32,000. Cowen AND Company LLC grew 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 worth $176,000 after acquiring an additional 6,000 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Odyssey Marine Exploration during the 2nd quarter valued at $372,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.