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

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

Odyssey Marine Exploration Stock Down 2.5 %

OMEX opened at $0.39 on Tuesday. Odyssey Marine Exploration has a fifty-two week low of $0.30 and a fifty-two week high of $5.57. The company has a fifty day moving average of $0.56 and a two-hundred day moving average of $1.09.

Insider Buying and Selling at Odyssey Marine Exploration

In related news, Director Mark B. Justh bought 50,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was acquired at an average price of $0.64 per share, with a total value of $32,000.00. Following the completion of the purchase, the director now directly owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. This trade represents a 9.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 7.10% of the stock is owned by corporate insiders.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Two Seas Capital LP increased its stake in shares of Odyssey Marine Exploration by 2,449.0% during the fourth quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock worth $1,835,000 after purchasing an additional 2,449,049 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Odyssey Marine Exploration by 225.5% during the fourth quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock worth $30,000 after purchasing an additional 28,943 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration during the third quarter worth about $32,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Odyssey Marine Exploration during the fourth quarter worth about $25,000. 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.