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

StockNews.com assumed coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report report published on Sunday morning. The firm issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

Shares of NASDAQ OMEX opened at $0.48 on Friday. The business has a 50-day moving average of $0.54 and a 200-day moving average of $1.39. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57.

Insider Activity

In related news, Director Mark B. Justh bought 250,000 shares of the business’s 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 of the company’s stock, valued at approximately $275,618.20. The trade was a 99.55 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Odyssey Marine Exploration

Hedge funds have recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. raised its holdings 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 valued at $30,000 after buying an additional 32,000 shares in the last quarter. Virtu Financial LLC bought a new position in Odyssey Marine Exploration during the third quarter valued at approximately $32,000. XTX Topco Ltd raised its stake in shares of Odyssey Marine Exploration by 225.5% during the fourth quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock worth $30,000 after acquiring an additional 28,943 shares in the last quarter. Finally, Two Seas Capital LP raised its stake in shares of Odyssey Marine Exploration by 2,449.0% during the fourth quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock worth $1,835,000 after acquiring an additional 2,449,049 shares in 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.