Cowen AND Company LLC Raises Stake in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)

Cowen AND Company LLC raised its stake in shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 20.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,000 shares of the business services provider’s stock after buying an additional 6,000 shares during the quarter. Cowen AND Company LLC owned about 0.18% of Odyssey Marine Exploration worth $176,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FourWorld Capital Management LLC boosted its position in shares of Odyssey Marine Exploration by 11.2% in the first quarter. FourWorld Capital Management LLC now owns 3,116,047 shares of the business services provider’s stock valued at $11,872,000 after acquiring an additional 313,926 shares during the period. Vanguard Group Inc. boosted its holdings in Odyssey Marine Exploration by 39.1% in the 1st quarter. Vanguard Group Inc. now owns 836,505 shares of the business services provider’s stock valued at $3,187,000 after purchasing an additional 235,334 shares during the period. ARS Wealth Advisors Group LLC boosted its holdings in Odyssey Marine Exploration by 5.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 51,089 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 2,750 shares during the period. Fifth Lane Capital LP purchased a new position in shares of Odyssey Marine Exploration during the 1st quarter valued at $179,000. Finally, Deltec Asset Management LLC bought a new position in shares of Odyssey Marine Exploration in the first quarter worth $107,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Odyssey Marine Exploration from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Odyssey Marine Exploration Price Performance

Shares of NASDAQ OMEX opened at $4.12 on Tuesday. The business has a 50-day moving average of $4.23 and a 200-day moving average of $4.27. Odyssey Marine Exploration, Inc. has a 12 month low of $2.85 and a 12 month high of $5.57.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings results on Friday, August 9th. The business services provider reported ($0.07) EPS for the quarter. The business had revenue of $0.22 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.