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

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

Odyssey Marine Exploration Stock Up 7.0 %

Odyssey Marine Exploration stock opened at $0.46 on Thursday. 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 $0.50 and a 200 day moving average price of $0.79.

Insider Activity

In related news, Director Mark B. Justh purchased 250,000 shares of Odyssey Marine Exploration stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average cost of $0.55 per share, with a total value of $137,500.00. Following the completion of the transaction, the director now directly owns 501,124 shares of the company’s stock, valued at $275,618.20. This trade represents a 99.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OMEX. Two Sigma Investments LP acquired a new stake in shares of Odyssey Marine Exploration during the 4th quarter valued at $25,000. Virtu Financial LLC purchased a new stake in shares of Odyssey Marine Exploration during the third quarter worth $32,000. XTX Topco Ltd boosted its position in 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 valued at $30,000 after purchasing an additional 28,943 shares during the last quarter. Finally, Two Seas Capital LP grew its stake in Odyssey Marine Exploration by 2,449.0% in 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 purchasing an additional 2,449,049 shares in the last quarter. 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.