Odyssey Marine Exploration (NASDAQ:OMEX) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

NASDAQ OMEX opened at $0.74 on Friday. The business has a 50 day simple moving average of $0.47 and a 200 day simple moving average of $2.28. 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 news, Director Mark B. Justh acquired 50,000 shares of Odyssey Marine Exploration stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost 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 represents a 9.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Odyssey Marine Exploration

Several institutional investors have recently bought and sold shares of the company. Cowen AND Company LLC boosted its stake in shares of Odyssey Marine Exploration by 20.0% during the 2nd 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. Virtu Financial LLC acquired a new stake in shares of Odyssey Marine Exploration in the third quarter valued at about $32,000. Voisard Asset Management Group Inc. raised its holdings in Odyssey Marine Exploration by 800.0% during the third 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 in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Odyssey Marine Exploration during the second quarter valued at approximately $372,000. 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.