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

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

Odyssey Marine Exploration Price Performance

Shares of NASDAQ:OMEX opened at $0.39 on Monday. Odyssey Marine Exploration has a 1-year low of $0.30 and a 1-year high of $5.57. The business has a 50-day moving average price of $0.89 and a two-hundred day moving average price of $3.18.

Institutional Investors Weigh In On Odyssey Marine Exploration

Institutional investors have recently made changes to their positions in the stock. Cowen AND Company LLC boosted its holdings in Odyssey Marine Exploration by 20.0% during the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock worth $176,000 after buying an additional 6,000 shares during the last quarter. Voisard Asset Management Group Inc. boosted 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 worth $30,000 after acquiring an additional 32,000 shares during the last quarter. Virtu Financial LLC bought a new position in Odyssey Marine Exploration during the 3rd quarter worth approximately $32,000. ARS Wealth Advisors Group LLC grew its holdings in Odyssey Marine Exploration by 5.7% during the second quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Odyssey Marine Exploration in the second quarter valued at approximately $372,000. 49.96% of the stock is 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.