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

StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report released on Saturday morning. The brokerage issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Shares of OMEX stock opened at $0.63 on Friday. The business has a fifty day moving average of $0.45 and a 200 day moving average of $2.43. Odyssey Marine Exploration has a 1 year low of $0.30 and a 1 year high of $5.57.

Insider Buying and Selling at Odyssey Marine Exploration

In related news, Director Mark B. Justh purchased 250,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of $0.55 per share, with a total value of $137,500.00. Following the transaction, the director now owns 501,124 shares of the company’s stock, valued at approximately $275,618.20. This trade represents a 99.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.10% of the company’s stock.

Institutional Trading of Odyssey Marine Exploration

Hedge funds have recently modified their holdings of the stock. Voisard Asset Management Group Inc. raised its position in Odyssey Marine Exploration by 800.0% during 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 acquiring an additional 32,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Odyssey Marine Exploration during the 3rd quarter valued at approximately $32,000. Cowen AND Company LLC lifted its stake in shares of Odyssey Marine Exploration by 20.0% in the 2nd 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. Finally, Renaissance Technologies LLC purchased a new stake in Odyssey Marine Exploration during the second quarter worth $372,000. Hedge funds and other institutional investors 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.