Old West Investment Management LLC Acquires Shares of 3,676,882 Odyssey Marine Exploration, Inc. $OMEX

Old West Investment Management LLC acquired a new position in shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,676,882 shares of the business services provider’s stock, valued at approximately $7,170,000. Odyssey Marine Exploration accounts for about 1.6% of Old West Investment Management LLC’s holdings, making the stock its 23rd biggest position. Old West Investment Management LLC owned approximately 0.08% of Odyssey Marine Exploration at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SLT Holdings LLC bought a new stake in shares of Odyssey Marine Exploration during the third quarter worth approximately $542,000. Foundations Investment Advisors LLC acquired a new stake in Odyssey Marine Exploration during the 3rd quarter worth $542,000. Finally, Voisard Asset Management Group Inc. boosted its position in shares of Odyssey Marine Exploration by 20.9% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock worth $82,000 after purchasing an additional 7,300 shares during the last quarter. Institutional investors own 49.96% of the company’s stock.

Odyssey Marine Exploration Stock Performance

Shares of OMEX opened at $1.63 on Friday. The firm has a market cap of $90.86 million, a P/E ratio of -2.09 and a beta of -0.84. Odyssey Marine Exploration, Inc. has a twelve month low of $0.27 and a twelve month high of $4.43. The firm’s 50 day moving average price is $2.12 and its two-hundred day moving average price is $2.05.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings results on Wednesday, November 12th. The business services provider reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Odyssey Marine Exploration

Odyssey Marine Exploration, Inc (NASDAQ: OMEX) is a marine technology and deep-ocean exploration company specializing in the location, recovery, and preservation of underwater cultural heritage. The company employs advanced remotely operated vehicles (ROVs) and proprietary seabed mapping systems to carry out high-precision surveys and recovery operations at depths exceeding 6,000 meters. Odyssey Marine’s mission centers on responsible stewardship of historic shipwrecks, valuable cargoes, and other submerged assets, combining maritime archaeology with commercially oriented salvage projects.

In addition to treasure recovery, Odyssey Marine offers a range of subsea services to support government, commercial, and scientific clients worldwide.