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

StockNews.com assumed coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note released on Sunday. The firm issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 7.2 %

NASDAQ OMEX opened at $0.74 on Friday. Odyssey Marine Exploration has a fifty-two week low of $0.30 and a fifty-two week high of $5.57. The stock has a 50 day simple moving average of $0.47 and a two-hundred day simple moving average of $2.26.

Insiders Place Their Bets

In other news, Director Mark B. Justh acquired 50,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were acquired at an average cost of $0.64 per share, with a total value of $32,000.00. Following the transaction, the director now owns 551,124 shares in the company, valued at $352,719.36. The trade was a 9.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cowen AND Company LLC raised 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 worth $176,000 after purchasing an additional 6,000 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Odyssey Marine Exploration in the 3rd quarter worth about $32,000. Voisard Asset Management Group Inc. increased its stake in shares of Odyssey Marine Exploration by 800.0% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after acquiring an additional 32,000 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Odyssey Marine Exploration during the 2nd quarter valued at about $372,000. 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.