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

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

Odyssey Marine Exploration Trading Up 1.5 %

Odyssey Marine Exploration stock opened at $0.75 on Friday. The stock has a fifty day moving average price of $0.47 and a two-hundred day moving average price of $2.24. Odyssey Marine Exploration has a 52-week low of $0.30 and a 52-week high of $5.57.

Insider Activity at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director Mark B. Justh bought 250,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were bought at an average price of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the acquisition, the director now owns 501,124 shares of the company’s stock, valued at approximately $275,618.20. This trade represents a 99.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Voisard Asset Management Group Inc. grew its holdings 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 acquired a new position in shares of Odyssey Marine Exploration during the third quarter worth approximately $32,000. Cowen AND Company LLC increased its holdings in shares of Odyssey Marine Exploration by 20.0% in the second quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Odyssey Marine Exploration in the 2nd quarter worth approximately $372,000. 49.96% of the stock is owned by 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.