StockNews.com initiated coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX - Get Free Report) in a research report issued on Tuesday. The brokerage set a "hold" rating on the business services provider's stock.
Odyssey Marine Exploration Stock Performance
Shares of NASDAQ:OMEX traded down $0.03 during trading on Tuesday, reaching $3.95. 15,794 shares of the company traded hands, compared to its average volume of 71,774. Odyssey Marine Exploration has a 52 week low of $2.85 and a 52 week high of $5.07. The company's 50 day moving average is $3.89 and its two-hundred day moving average is $4.04.
Hedge Funds Weigh In On Odyssey Marine Exploration
Several hedge funds and other institutional investors have recently made changes to their positions in OMEX. FourWorld Capital Management LLC boosted its position in shares of Odyssey Marine Exploration by 11.2% during the 1st quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider's stock worth $11,872,000 after acquiring an additional 313,926 shares in the last quarter. Vanguard Group Inc. lifted its stake in Odyssey Marine Exploration by 39.1% during the first quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider's stock worth $3,187,000 after purchasing an additional 235,334 shares during the last quarter. Antonetti Capital Management LLC boosted its holdings in shares of Odyssey Marine Exploration by 2.2% in the 3rd quarter. Antonetti Capital Management LLC now owns 278,577 shares of the business services provider's stock valued at $1,042,000 after purchasing an additional 6,098 shares in the last quarter. Fifth Lane Capital LP bought a new position in shares of Odyssey Marine Exploration in the 1st quarter valued at $179,000. Finally, Deltec Asset Management LLC acquired a new position in shares of Odyssey Marine Exploration during the 1st quarter worth $107,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.
Odyssey Marine Exploration Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Odyssey Marine Exploration, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Odyssey Marine Exploration wasn't on the list.
While Odyssey Marine Exploration currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
