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

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

Odyssey Marine Exploration Trading Down 4.7 %

NASDAQ OMEX opened at $0.41 on Friday. Odyssey Marine Exploration has a 52 week low of $0.30 and a 52 week high of $5.57. The company has a 50 day moving average price of $0.48 and a 200 day moving average price of $0.68.

Insider Buying and Selling

In other Odyssey Marine Exploration news, Director Mark B. Justh purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average cost of $0.64 per share, for a total transaction of $32,000.00. Following the completion of the purchase, the director now owns 551,124 shares in the company, valued at $352,719.36. This represents a 9.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.10% of the stock is owned by company insiders.

Institutional Trading of Odyssey Marine Exploration

Several large investors have recently bought and sold shares of the stock. Two Sigma Investments LP purchased a new position in Odyssey Marine Exploration in the 4th quarter worth $25,000. XTX Topco Ltd increased its holdings in shares of Odyssey Marine Exploration by 225.5% in the fourth quarter. XTX Topco Ltd now owns 41,778 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 28,943 shares during the period. Virtu Financial LLC purchased a new position in shares of Odyssey Marine Exploration in the third quarter worth about $32,000. Finally, Two Seas Capital LP lifted its holdings 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 during the period. Hedge funds and other 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.