StockNews.com Begins Coverage on Odyssey Marine Exploration (NASDAQ:OMEX)

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

Odyssey Marine Exploration Stock Down 0.6 %

Shares of NASDAQ:OMEX opened at $0.89 on Thursday. Odyssey Marine Exploration has a 12 month low of $0.45 and a 12 month high of $5.57. The company has a 50-day moving average price of $3.54 and a 200 day moving average price of $4.05.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings data on Friday, August 9th. The business services provider reported ($0.07) earnings per share for the quarter. The company had revenue of $0.22 million for the quarter.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of institutional investors have recently modified their holdings of the stock. Deltec Asset Management LLC acquired a new stake in shares of Odyssey Marine Exploration during the first quarter worth $107,000. Cowen AND Company LLC boosted its position in Odyssey Marine Exploration by 20.0% during the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after acquiring an additional 6,000 shares during the last quarter. Fifth Lane Capital LP acquired a new position in Odyssey Marine Exploration in the 1st quarter valued at about $179,000. ARS Wealth Advisors Group LLC boosted its holdings in Odyssey Marine Exploration by 5.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Odyssey Marine Exploration in the 2nd quarter valued at about $372,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.