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

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

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

Odyssey Marine Exploration Stock Performance

Shares of OMEX stock opened at $3.10 on Tuesday. Odyssey Marine Exploration has a fifty-two week low of $2.29 and a fifty-two week high of $4.88. The business has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $3.16.

Insider Buying and Selling

In related news, Director John Abbott sold 42,216 shares of Odyssey Marine Exploration stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $3.05, for a total transaction of $128,758.80. Following the completion of 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 SEC, which is available at the SEC website. 7.70% of the stock is currently owned by company insiders.

Institutional Trading of Odyssey Marine Exploration

A number of hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC acquired a new stake in Odyssey Marine Exploration in the 1st quarter worth about $70,000. Envestnet Asset Management Inc. acquired a new stake in Odyssey Marine Exploration in the 1st quarter worth about $192,000. Jefferies Financial Group Inc. acquired a new stake in Odyssey Marine Exploration in the 4th quarter worth about $1,651,000. Antonetti Capital Management LLC lifted its stake in shares of Odyssey Marine Exploration by 2.7% in the 4th quarter. Antonetti Capital Management LLC now owns 284,300 shares of the business services provider’s stock valued at $1,103,000 after purchasing an additional 7,435 shares in the last quarter. Finally, Two Seas Capital LP lifted its stake in shares of Odyssey Marine Exploration by 11.6% in the 3rd quarter. Two Seas Capital LP now owns 1,371,874 shares of the business services provider’s stock valued at $4,253,000 after purchasing an additional 142,295 shares in the last quarter. 36.14% of the stock is owned by institutional investors and hedge funds.

Odyssey Marine Exploration Company Profile

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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.