Vanguard Group Inc. Purchases 235,334 Shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)

Vanguard Group Inc. lifted its position in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 39.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836,505 shares of the business services provider’s stock after acquiring an additional 235,334 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Odyssey Marine Exploration worth $3,187,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Deltec Asset Management LLC bought a new stake in shares of Odyssey Marine Exploration in the 1st quarter worth $107,000. Fifth Lane Capital LP bought a new position in Odyssey Marine Exploration in the 1st quarter valued at $179,000. Finally, FourWorld Capital Management LLC grew its stake in Odyssey Marine Exploration by 7.5% in the 4th quarter. FourWorld Capital Management LLC now owns 2,802,121 shares of the business services provider’s stock valued at $13,030,000 after purchasing an additional 195,000 shares during the period. Institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Odyssey Marine Exploration from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Odyssey Marine Exploration Price Performance

Odyssey Marine Exploration stock opened at $4.10 on Monday. The firm has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.32. Odyssey Marine Exploration, Inc. has a twelve month low of $2.85 and a twelve month high of $5.57.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings data on Monday, May 20th. The business services provider reported ($0.18) EPS for the quarter. The company had revenue of $0.20 million during the quarter.

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.