Deltec Asset Management LLC Makes New Investment in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)

Deltec Asset Management LLC acquired a new position in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) in the 1st quarter, HoldingsChannel reports. The fund acquired 28,045 shares of the business services provider’s stock, valued at approximately $107,000.

Separately, FourWorld Capital Management LLC lifted its stake in Odyssey Marine Exploration by 7.5% in the fourth quarter. FourWorld Capital Management LLC now owns 2,802,121 shares of the business services provider’s stock worth $13,030,000 after purchasing an additional 195,000 shares during the last quarter. Institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Odyssey Marine Exploration in a research note on Tuesday, May 21st. They set a “hold” rating for the company.

Odyssey Marine Exploration Stock Performance

Shares of Odyssey Marine Exploration stock traded down $0.13 on Friday, hitting $4.88. 160,386 shares of the company traded hands, compared to its average volume of 199,039. The stock’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.31. Odyssey Marine Exploration, Inc. has a 52 week low of $2.85 and a 52 week high of $5.57.

Odyssey Marine Exploration (NASDAQ:OMEX) last issued its quarterly earnings data on Monday, May 20th. The business services provider reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $0.20 million for the quarter.

Odyssey Marine Exploration Profile

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.