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

StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report published on Wednesday morning. The firm issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

NASDAQ:OMEX opened at $0.41 on Wednesday. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57. The company’s 50-day moving average price is $0.53 and its two-hundred day moving average price is $0.93.

Insider Buying and Selling at Odyssey Marine Exploration

In related news, Director Mark B. Justh bought 50,000 shares of Odyssey Marine Exploration stock in a transaction dated Tuesday, December 31st. The shares were bought at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the transaction, the director now owns 551,124 shares of the company’s stock, valued at approximately $352,719.36. This trade represents a 9.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Odyssey Marine Exploration

A number of large investors have recently modified their holdings of OMEX. Virtu Financial LLC acquired a new position in shares of Odyssey Marine Exploration during the third quarter worth approximately $32,000. XTX Topco Ltd lifted its position 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 worth $30,000 after purchasing an additional 28,943 shares in the last quarter. Two Seas Capital LP lifted its position 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 worth $1,835,000 after purchasing an additional 2,449,049 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Odyssey Marine Exploration during the fourth quarter worth approximately $25,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.