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

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

Odyssey Marine Exploration Price Performance

NASDAQ:OMEX opened at $0.42 on Monday. The company’s 50 day moving average is $0.56 and its two-hundred day moving average is $1.21. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57.

Insider Activity

In related news, Director Mark B. Justh purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was acquired at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMEX. Two Seas Capital LP increased its stake in shares of Odyssey Marine Exploration by 2,449.0% in the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock worth $1,835,000 after acquiring an additional 2,449,049 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration in the third quarter valued at about $32,000. Two Sigma Investments LP acquired a new stake in Odyssey Marine Exploration during the fourth quarter worth about $25,000. Voisard Asset Management Group Inc. raised its stake 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 worth $30,000 after purchasing an additional 32,000 shares during the period. Finally, XTX Topco Ltd boosted its holdings in Odyssey Marine Exploration by 225.5% in the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 28,943 shares during the last quarter. Institutional investors and hedge funds 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.