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

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

Odyssey Marine Exploration Trading Up 0.1 %

NASDAQ:OMEX opened at $0.48 on Friday. The company has a fifty day moving average of $0.54 and a 200 day moving average of $1.39. Odyssey Marine Exploration has a 52 week low of $0.30 and a 52 week high of $5.57.

Insider Transactions at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director Mark B. Justh acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the transaction, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.10% of the stock is currently owned by company insiders.

Institutional Trading of Odyssey Marine Exploration

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMEX. Voisard Asset Management Group Inc. increased its position 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 valued at $30,000 after purchasing an additional 32,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the 3rd quarter valued at about $32,000. XTX Topco Ltd boosted 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 valued at $30,000 after purchasing an additional 28,943 shares in the last quarter. Finally, Two Seas Capital LP increased its position in shares of Odyssey Marine Exploration by 2,449.0% during 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 buying an additional 2,449,049 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.