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

StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note published on Monday morning. The brokerage issued a hold rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

Shares of OMEX opened at $0.40 on Monday. Odyssey Marine Exploration has a 1 year low of $0.30 and a 1 year high of $5.57. The company has a 50 day simple moving average of $0.97 and a two-hundred day simple moving average of $3.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings 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 purchasing an additional 235,334 shares in the last quarter. Cowen AND Company LLC grew its holdings in shares of 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 in the last quarter. ARS Wealth Advisors Group LLC grew its holdings in shares of Odyssey Marine Exploration by 5.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares in the last quarter. Voisard Asset Management Group Inc. lifted 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 worth $30,000 after buying an additional 32,000 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Odyssey Marine Exploration in the second quarter worth $372,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.