Odyssey Marine Exploration (NASDAQ:OMEX) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note issued to investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

OMEX stock opened at $0.40 on Monday. The firm has a 50-day moving average price of $1.04 and a 200-day moving average price of $3.22. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds have recently modified their holdings of the company. Voisard Asset Management Group Inc. raised its position in Odyssey Marine Exploration by 800.0% in the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 32,000 shares during the last quarter. Cowen AND Company LLC increased its holdings 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 purchasing an additional 6,000 shares during the period. ARS Wealth Advisors Group LLC raised its position 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 worth $249,000 after purchasing an additional 2,750 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Odyssey Marine Exploration during the 2nd quarter worth about $372,000. Finally, Vanguard Group Inc. increased its stake in shares of Odyssey Marine Exploration by 39.1% in the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after buying an additional 235,334 shares during the period. 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.