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

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

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

Odyssey Marine Exploration Stock Down 0.3 %

Odyssey Marine Exploration stock opened at $2.98 on Monday. The company has a fifty day simple moving average of $3.14 and a 200-day simple moving average of $3.16. Odyssey Marine Exploration has a 12-month low of $2.29 and a 12-month high of $5.75.

Insider Buying and Selling

In other Odyssey Marine Exploration news, Director John Abbott sold 42,216 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $3.05, for a total value of $128,758.80. Following the completion of the transaction, the director now directly owns 16,922 shares of the company’s stock, valued at $51,612.10. The sale was disclosed in a filing with the SEC, which is available at this link. 7.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Odyssey Marine Exploration

A number of hedge funds have recently bought and sold shares of OMEX. Virtu Financial LLC acquired a new stake in Odyssey Marine Exploration during the third quarter worth approximately $35,000. Northern Trust Corp raised its stake in shares of Odyssey Marine Exploration by 23.8% in the 2nd quarter. Northern Trust Corp now owns 24,526 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 4,714 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Odyssey Marine Exploration in the 1st quarter valued at $192,000. ExodusPoint Capital Management LP increased its stake in Odyssey Marine Exploration by 25.6% during the 2nd quarter. ExodusPoint Capital Management LP now owns 56,615 shares of the business services provider’s stock worth $193,000 after buying an additional 11,547 shares during the period. Finally, State Street Corp increased its stake in Odyssey Marine Exploration by 12.1% during the 1st quarter. State Street Corp now owns 40,483 shares of the business services provider’s stock worth $270,000 after buying an additional 4,371 shares during the period. Institutional investors and hedge funds own 36.14% of the company’s stock.

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.