Odyssey Marine Exploration (NASDAQ:OMEX) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report issued on Tuesday. The firm set a “hold” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Shares of OMEX stock opened at $0.38 on Tuesday. The firm has a fifty day moving average of $0.62 and a 200-day moving average of $3.10. Odyssey Marine Exploration has a 52-week low of $0.30 and a 52-week high of $5.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMEX. Vanguard Group Inc. lifted its holdings in shares of Odyssey Marine Exploration by 39.1% during the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after acquiring an additional 235,334 shares during the period. ARS Wealth Advisors Group LLC lifted its holdings in Odyssey Marine Exploration by 5.7% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the last quarter. Cowen AND Company LLC boosted its position in Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after buying an additional 6,000 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Odyssey Marine Exploration in the second quarter valued at about $372,000. Finally, Voisard Asset Management Group Inc. grew its stake in 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 buying an additional 32,000 shares during the last quarter. Institutional investors own 49.96% of the company’s 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.