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

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

Odyssey Marine Exploration Price Performance

Shares of NASDAQ:OMEX 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 firm has a fifty day moving average price of $0.56 and a two-hundred day moving average price of $1.21.

Insider Activity

In related news, Director Mark B. Justh bought 50,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price of $0.64 per share, with a total value of $32,000.00. Following the purchase, the director now owns 551,124 shares in the company, valued at approximately $352,719.36. The trade was a 9.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new position in Odyssey Marine Exploration during the 4th quarter valued at $25,000. Voisard Asset Management Group Inc. grew its position 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. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the third quarter valued at approximately $32,000. XTX Topco Ltd lifted its holdings in shares of Odyssey Marine Exploration by 225.5% during the fourth quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 28,943 shares in the last quarter. Finally, Two Seas Capital LP lifted its stake in Odyssey Marine Exploration by 2,449.0% during the 4th quarter. Two Seas Capital LP now owns 2,549,049 shares of the business services provider’s stock valued at $1,835,000 after acquiring an additional 2,449,049 shares during the period. 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.