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

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

Odyssey Marine Exploration Stock Performance

NASDAQ:OMEX opened at $0.41 on Wednesday. The firm’s 50-day moving average is $0.53 and its 200-day moving average is $0.93. Odyssey Marine Exploration has a 52-week low of $0.30 and a 52-week high of $5.57.

Insider Transactions at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director Mark B. Justh bought 50,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 in the company, valued at $352,719.36. The trade was a 9.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 7.10% of the company’s stock.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Seas Capital LP increased its stake in Odyssey Marine Exploration by 2,449.0% in the fourth quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after acquiring an additional 2,449,049 shares during the period. Two Sigma Investments LP bought a new stake in Odyssey Marine Exploration in the fourth quarter valued at about $25,000. XTX Topco Ltd increased its stake in Odyssey Marine Exploration by 225.5% in the fourth 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. Finally, Virtu Financial LLC bought a new stake in Odyssey Marine Exploration in the third quarter valued at about $32,000. 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.