Odyssey Marine Exploration (NASDAQ:OMEX) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Odyssey Marine Exploration Stock Performance

OMEX stock opened at $0.38 on Tuesday. The firm has a 50 day moving average of $0.58 and a 200-day moving average of $3.03. Odyssey Marine Exploration has a 12 month low of $0.30 and a 12 month high of $5.57.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cowen AND Company LLC boosted its stake in Odyssey Marine Exploration by 20.0% during the second 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 period. Voisard Asset Management Group Inc. boosted its position in shares of Odyssey Marine Exploration by 800.0% during the 3rd 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 during the last quarter. Virtu Financial LLC purchased a new position in shares of Odyssey Marine Exploration during the third quarter worth about $32,000. ARS Wealth Advisors Group LLC increased its position in shares of Odyssey Marine Exploration by 5.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock worth $249,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Odyssey Marine Exploration in the second quarter valued at approximately $372,000. 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.