Odyssey Marine Exploration (NASDAQ:OMEX) Coverage Initiated at StockNews.com

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

Odyssey Marine Exploration Stock Performance

OMEX opened at $0.38 on Tuesday. The stock’s 50 day simple moving average is $0.60 and its 200-day simple moving average is $3.05. Odyssey Marine Exploration has a 1 year low of $0.30 and a 1 year high of $5.57.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of hedge funds have recently made changes to their positions in OMEX. Vanguard Group Inc. increased its stake in Odyssey Marine Exploration by 39.1% in 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. Renaissance Technologies LLC acquired a new stake in Odyssey Marine Exploration during the second quarter valued at approximately $372,000. ARS Wealth Advisors Group LLC grew its stake in shares of Odyssey Marine Exploration by 5.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the period. Virtu Financial LLC acquired a new position in shares of Odyssey Marine Exploration in the 3rd quarter worth approximately $32,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of 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 buying an additional 32,000 shares during the period. Institutional investors and hedge funds 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.