Odyssey Marine Exploration (NASDAQ:OMEX) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Odyssey Marine Exploration Price Performance

Shares of NASDAQ:OMEX opened at $0.40 on Monday. The stock’s 50 day moving average is $1.04 and its 200-day moving average is $3.22. Odyssey Marine Exploration has a twelve month low of $0.30 and a twelve month high of $5.57.

Hedge Funds Weigh In On Odyssey Marine Exploration

Several large investors have recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. raised its stake 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 worth $30,000 after purchasing an additional 32,000 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Odyssey Marine Exploration during the second quarter worth $372,000. Cowen AND Company LLC raised its position in Odyssey Marine Exploration by 20.0% in the 2nd quarter. Cowen AND Company LLC now owns 36,000 shares of the business services provider’s stock valued at $176,000 after buying an additional 6,000 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in Odyssey Marine Exploration by 5.7% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock worth $249,000 after acquiring an additional 2,750 shares during the last quarter. Finally, FourWorld Capital Management LLC grew its stake in shares of Odyssey Marine Exploration by 11.2% in the 1st quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider’s stock worth $11,872,000 after acquiring an additional 313,926 shares in the last quarter. 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.