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

Stock analysts at StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 30.6 %

Shares of NASDAQ:OMEX opened at $0.63 on Friday. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57. The company’s 50 day moving average is $0.45 and its 200 day moving average is $2.45.

Insider Buying and Selling at Odyssey Marine Exploration

In related news, Director Mark B. Justh purchased 250,000 shares of Odyssey Marine Exploration stock in a transaction that occurred on Tuesday, December 24th. The stock was bought at an average cost of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the transaction, the director now owns 501,124 shares in the company, valued at $275,618.20. The trade was a 99.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 7.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Odyssey Marine Exploration

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cowen AND Company LLC boosted its holdings 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 worth $176,000 after buying an additional 6,000 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Odyssey Marine Exploration in the second quarter worth about $372,000. Voisard Asset Management Group Inc. boosted its stake 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 acquiring an additional 32,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Odyssey Marine Exploration during the 3rd quarter valued at about $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.