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

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

Odyssey Marine Exploration Stock Up 11.1 %

Shares of OMEX stock opened at $0.53 on Friday. Odyssey Marine Exploration has a 52 week low of $0.30 and a 52 week high of $5.57. The firm’s 50-day simple moving average is $0.54 and its two-hundred day simple moving average is $1.35.

Insider Activity at Odyssey Marine Exploration

In other news, Director Mark B. Justh acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the purchase, the director now owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. The trade was a 9.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Odyssey Marine Exploration

Several large investors have recently modified their holdings of OMEX. Two Seas Capital LP lifted its stake in shares of Odyssey Marine Exploration by 2,449.0% during the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 2,449,049 shares in the last quarter. XTX Topco Ltd raised its holdings in Odyssey Marine Exploration by 225.5% during the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 28,943 shares during the period. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration during the third quarter worth $32,000. Voisard Asset Management Group Inc. boosted its holdings in shares of 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 acquiring an additional 32,000 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of Odyssey Marine Exploration in the fourth quarter valued at $25,000. Hedge funds and other 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.