Odyssey Marine Exploration (NASDAQ:OMEX) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Down 4.7 %

OMEX opened at $0.41 on Friday. The firm’s fifty day simple moving average is $0.48 and its two-hundred day simple moving average is $0.63. Odyssey Marine Exploration has a 52-week low of $0.30 and a 52-week high of $5.57.

Insider Activity

In other Odyssey Marine Exploration news, Director Mark B. Justh acquired 50,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average price of $0.64 per share, for a total transaction of $32,000.00. Following the acquisition, the director now owns 551,124 shares in the company, valued at approximately $352,719.36. The trade was a 9.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds and other institutional investors have recently made changes to their positions in OMEX. Two Seas Capital LP grew its holdings in 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 valued at $1,835,000 after buying an additional 2,449,049 shares in the last quarter. Virtu Financial LLC purchased a new position in Odyssey Marine Exploration during the third quarter worth about $32,000. Two Sigma Investments LP purchased a new stake in shares of Odyssey Marine Exploration in the 4th quarter valued at approximately $25,000. Finally, XTX Topco Ltd raised its position 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 valued at $30,000 after buying an additional 28,943 shares during the period. 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.