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

StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note issued on Tuesday. The firm set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

NASDAQ:OMEX opened at $0.40 on Tuesday. The firm’s fifty day simple moving average is $0.56 and its 200 day simple moving average is $1.12. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57.

Insider Buying and Selling

In other news, Director Mark B. Justh purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average price of $0.64 per share, with a total value of $32,000.00. Following the purchase, the director now directly owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. This represents a 9.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds and other institutional investors have recently modified their holdings of OMEX. Two Sigma Investments LP bought a new stake in shares of Odyssey Marine Exploration during the 4th quarter valued at about $25,000. XTX Topco Ltd grew its position in shares of Odyssey Marine Exploration by 225.5% during the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock valued at $30,000 after buying an additional 28,943 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the 3rd quarter valued at about $32,000. Finally, Two Seas Capital LP grew its position in shares of Odyssey Marine Exploration by 2,449.0% during the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 2,449,049 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.