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

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

Odyssey Marine Exploration Trading Down 8.3 %

Shares of Odyssey Marine Exploration stock opened at $0.44 on Monday. Odyssey Marine Exploration has a one year low of $0.30 and a one year high of $5.57. The company has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $1.23.

Insider Buying and Selling at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director Mark B. Justh purchased 250,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the director now owns 501,124 shares of the company’s stock, valued at approximately $275,618.20. The trade was a 99.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by insiders.

Institutional Trading of Odyssey Marine Exploration

Institutional investors have recently bought and sold shares of the stock. Two Seas Capital LP lifted its stake 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 worth $1,835,000 after buying an additional 2,449,049 shares during the period. Two Sigma Investments LP purchased a new position in Odyssey Marine Exploration in the 4th quarter worth $25,000. XTX Topco Ltd lifted its position in 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 worth $30,000 after acquiring an additional 28,943 shares during the period. Virtu Financial LLC purchased a new stake in Odyssey Marine Exploration during the 3rd quarter valued at about $32,000. Finally, Voisard Asset Management Group Inc. grew its stake 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 last quarter. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.