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

StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report sent to investors on Monday. The brokerage issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

OMEX stock opened at $0.42 on Monday. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57. The company’s 50 day moving average is $0.56 and its two-hundred day moving average is $1.21.

Insider Transactions at Odyssey Marine Exploration

In related news, Director Mark B. Justh purchased 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average price of $0.55 per share, for a total transaction of $137,500.00. Following the transaction, the director now directly owns 501,124 shares of the company’s stock, valued at approximately $275,618.20. The trade was a 99.55 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OMEX. Two Sigma Investments LP purchased a new position in shares of Odyssey Marine Exploration in the 4th quarter valued at about $25,000. XTX Topco Ltd raised its position in shares of Odyssey Marine Exploration by 225.5% during the 4th quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock worth $30,000 after purchasing an additional 28,943 shares during the last quarter. Voisard Asset Management Group Inc. lifted its position in shares of Odyssey Marine Exploration by 800.0% in the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 32,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Odyssey Marine Exploration in the 3rd quarter valued at about $32,000. Finally, Two Seas Capital LP lifted its stake in shares of Odyssey Marine Exploration by 2,449.0% during 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 period. 49.96% of the stock is 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.