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

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

Odyssey Marine Exploration Trading Up 2.1 %

Shares of OMEX stock opened at $0.43 on Thursday. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57. The business’s 50 day moving average is $0.50 and its two-hundred day moving average is $0.83.

Insider Buying and Selling at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director Mark B. Justh acquired 250,000 shares of Odyssey Marine Exploration stock in a transaction dated Tuesday, December 24th. The stock was bought at an average cost of $0.55 per share, with a total value of $137,500.00. Following the completion of the transaction, the director now owns 501,124 shares of the company’s stock, valued at $275,618.20. The trade was a 99.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several hedge funds have recently modified their holdings of the business. Two Seas Capital LP boosted its position in shares of 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. XTX Topco Ltd boosted its position in shares of 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. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration in the third quarter valued at approximately $32,000. Finally, Two Sigma Investments LP bought a new stake in shares of Odyssey Marine Exploration in the fourth quarter valued at approximately $25,000. 49.96% of the stock is owned by 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.