StockNews.com Begins Coverage on Odyssey Marine Exploration (NASDAQ:OMEX)

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

Odyssey Marine Exploration Stock Performance

Shares of OMEX opened at $0.48 on Friday. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57. The company has a 50-day moving average price of $0.54 and a two-hundred day moving average price of $1.39.

Insider Activity

In other news, Director Mark B. Justh bought 50,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the purchase, the director now owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. The trade was 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. 7.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Voisard Asset Management Group Inc. raised its position in Odyssey Marine Exploration by 800.0% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after purchasing an additional 32,000 shares during the last quarter. Virtu Financial LLC bought a new position in Odyssey Marine Exploration in the 3rd quarter worth approximately $32,000. XTX Topco Ltd raised its position 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 worth $30,000 after purchasing an additional 28,943 shares during the last quarter. Finally, Two Seas Capital LP raised its position in 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. Institutional investors own 49.96% of the company’s stock.

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.