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

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

Odyssey Marine Exploration Trading Up 11.1 %

Shares of NASDAQ:OMEX opened at $0.53 on Friday. Odyssey Marine Exploration has a 52-week low of $0.30 and a 52-week high of $5.57. The business’s 50 day simple moving average is $0.54 and its two-hundred day simple moving average is $1.35.

Insider Activity at Odyssey Marine Exploration

In related news, Director Mark B. Justh purchased 50,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price of $0.64 per share, for a total transaction of $32,000.00. Following the purchase, the director now owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. This trade represents a 9.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.10% of the stock is currently owned by insiders.

Institutional Trading of Odyssey Marine Exploration

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Odyssey Marine Exploration during the third quarter worth $32,000. Voisard Asset Management Group Inc. boosted its holdings in Odyssey Marine Exploration by 800.0% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after acquiring an additional 32,000 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Odyssey Marine Exploration in the 4th quarter worth $25,000. Two Seas Capital LP grew its stake in shares of 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 worth $1,835,000 after acquiring an additional 2,449,049 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings 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 purchasing an additional 28,943 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.