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

StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report report published on Thursday. The brokerage issued a hold rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

NASDAQ OMEX opened at $0.89 on Thursday. Odyssey Marine Exploration has a 52-week low of $0.45 and a 52-week high of $5.57. The company has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $4.05.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Friday, August 9th. The business services provider reported ($0.07) earnings per share for the quarter. The company had revenue of $0.22 million for the quarter.

Institutional Investors Weigh In On Odyssey Marine Exploration

Large investors have recently added to or reduced their stakes in the stock. FourWorld Capital Management LLC grew its holdings in Odyssey Marine Exploration by 7.5% during the fourth quarter. FourWorld Capital Management LLC now owns 2,802,121 shares of the business services provider’s stock valued at $13,030,000 after purchasing an additional 195,000 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of Odyssey Marine Exploration during the first quarter valued at $107,000. Fifth Lane Capital LP bought a new position in shares of Odyssey Marine Exploration during the first quarter valued at $179,000. Vanguard Group Inc. lifted its holdings in shares of Odyssey Marine Exploration by 39.1% during the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after acquiring an additional 235,334 shares during the period. Finally, ARS Wealth Advisors Group LLC lifted its holdings in shares of 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 acquiring an additional 2,750 shares during the period. 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.