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

StockNews.com assumed coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report issued on Tuesday. The firm set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 1.7 %

Shares of OMEX stock opened at $0.40 on Tuesday. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57. The stock has a 50 day moving average of $0.56 and a two-hundred day moving average of $1.08.

Insiders Place Their Bets

In other Odyssey Marine Exploration news, Director Mark B. Justh purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of $0.64 per share, with a total value of $32,000.00. Following the completion of the transaction, the director now directly owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. This trade represents a 9.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several large investors have recently modified their holdings of OMEX. XTX Topco Ltd boosted its stake in Odyssey Marine Exploration by 225.5% in 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 in the last quarter. Two Sigma Investments LP bought a new position in shares of Odyssey Marine Exploration during the fourth quarter valued at $25,000. Virtu Financial LLC acquired a new stake in shares of Odyssey Marine Exploration in the 3rd quarter valued at $32,000. Finally, Two Seas Capital LP grew its holdings 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 purchasing an additional 2,449,049 shares during the last quarter. 49.96% of the stock is currently owned by 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.