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 released on Friday. The firm set a “sell” rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

Shares of Odyssey Marine Exploration stock opened at $0.43 on Friday. The company has a fifty day simple moving average of $0.48 and a 200-day simple moving average of $0.71. Odyssey Marine Exploration has a 12-month low of $0.30 and a 12-month high of $5.57.

Insider Buying and Selling at Odyssey Marine Exploration

In other news, Director Mark B. Justh acquired 50,000 shares of Odyssey Marine Exploration stock in a transaction on 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 in the company, valued at $352,719.36. This represents a 9.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in Odyssey Marine Exploration during the 3rd quarter worth $32,000. Two Sigma Investments LP acquired a new position in Odyssey Marine Exploration in the fourth quarter valued at $25,000. Two Seas Capital LP raised its holdings in shares of Odyssey Marine Exploration by 2,449.0% in the fourth quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after buying an additional 2,449,049 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Odyssey Marine Exploration by 225.5% in the fourth 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 during the last quarter. 49.96% of the stock is currently owned by hedge funds and other 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.