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Novation Companies (NASDAQ:NOVC) Director Gregory T. Barmore purchased 45,000 shares of the stock on the open market in a transaction dated Tuesday, May 27th. The shares were purchased at an average cost of $0.33 per share, with a total value of $14,850.00. Following the completion of the purchase, the director now directly owns 500,134 shares of the company’s stock, valued at approximately $165,044. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Novation Companies (NASDAQ:NOVC) opened at 0.35 on Friday. Novation Companies has a 52 week low of $0.23 and a 52 week high of $0.50. The stock has a 50-day moving average of $0.29 and a 200-day moving average of $0.28. The company’s market cap is $32.0 million.

Novation Companies, Inc (NASDAQ:NOVC) is engaged in the business strategy of acquiring and operating technology-enabled service businesses.

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