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

Investment analysts at StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX – Get Rating) in a research report issued on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

Separately, EF Hutton Acquisition Co. I reaffirmed a “buy” rating and issued a $7.50 price target on shares of Odyssey Marine Exploration in a report on Wednesday, April 5th.

Odyssey Marine Exploration Price Performance

Shares of NASDAQ OMEX opened at $2.98 on Monday. The business has a fifty day moving average of $3.14 and a two-hundred day moving average of $3.16. Odyssey Marine Exploration has a 52-week low of $2.29 and a 52-week high of $5.75.

Insider Activity at Odyssey Marine Exploration

In other Odyssey Marine Exploration news, Director John Abbott sold 42,216 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $3.05, for a total value of $128,758.80. Following the sale, the director now owns 16,922 shares in the company, valued at approximately $51,612.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. State Street Corp grew its holdings in Odyssey Marine Exploration by 12.1% in the 1st quarter. State Street Corp now owns 40,483 shares of the business services provider’s stock valued at $270,000 after buying an additional 4,371 shares in the last quarter. Northern Trust Corp lifted its position in shares of Odyssey Marine Exploration by 23.8% during the 2nd quarter. Northern Trust Corp now owns 24,526 shares of the business services provider’s stock worth $84,000 after buying an additional 4,714 shares during the last quarter. Antonetti Capital Management LLC lifted its position in shares of Odyssey Marine Exploration by 2.7% during the 4th quarter. Antonetti Capital Management LLC now owns 284,300 shares of the business services provider’s stock worth $1,103,000 after buying an additional 7,435 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Odyssey Marine Exploration during the 3rd quarter worth $35,000. Finally, ExodusPoint Capital Management LP raised its position in Odyssey Marine Exploration by 25.6% in the second quarter. ExodusPoint Capital Management LP now owns 56,615 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 11,547 shares during the last quarter. 36.14% of the stock is owned by institutional investors and hedge funds.

About Odyssey Marine Exploration

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Odyssey Marine Exploration, Inc is a deep-ocean exploration pioneer that provides access to critical mineral resources. The company uses innovative methods and cutting-edge technology to discover, validate and develop subsea mineral deposits in an environmentally and socially responsible manner. Its growing project portfolio includes different mineral sets in various jurisdictions around the world.