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 the company’s stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the acquisition, the director now owns 501,124 shares in the company, valued at $275,618.20. This trade represents a 99.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Odyssey Marine Exploration Stock Performance

OMEX opened at $0.63 on Friday. The stock’s fifty day simple moving average is $0.45 and its 200 day simple moving average is $2.43. Odyssey Marine Exploration, Inc. has a 1-year low of $0.30 and a 1-year high of $5.57.

Hedge Funds Weigh In On Odyssey Marine Exploration

Several large investors have recently modified their holdings of OMEX. Cowen AND Company LLC boosted 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 during the period. Renaissance Technologies LLC acquired a new stake in Odyssey Marine Exploration during the second quarter worth approximately $372,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Odyssey Marine Exploration by 800.0% during the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after acquiring an additional 32,000 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the third quarter worth approximately $32,000. 49.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Odyssey Marine Exploration in a research note on Saturday. They issued a “sell” rating on the stock.

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.