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

Equities researchers at StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Down 1.1 %

NASDAQ:OMEX opened at $0.44 on Monday. The stock has a 50-day moving average price of $0.56 and a 200 day moving average price of $1.21. Odyssey Marine Exploration has a 12-month low of $0.30 and a 12-month high of $5.57.

Insider Activity at Odyssey Marine Exploration

In related news, Director Mark B. Justh purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was bought 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 in the company, valued at $352,719.36. This represents a 9.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 7.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in Odyssey Marine Exploration in the 4th quarter worth about $25,000. Voisard Asset Management Group Inc. grew its stake in shares of 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 valued at $30,000 after buying an additional 32,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration in the third quarter worth approximately $32,000. XTX Topco Ltd lifted its stake in shares of 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 worth $30,000 after acquiring an additional 28,943 shares during the last quarter. Finally, 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 worth $1,835,000 after purchasing an additional 2,449,049 shares during the period. 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.