Odyssey Marine Exploration, Inc. $OMEX Shares Sold by Two Seas Capital LP

Two Seas Capital LP reduced its stake in shares of Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) by 43.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430,769 shares of the business services provider’s stock after selling 1,118,280 shares during the quarter. Two Seas Capital LP owned about 4.57% of Odyssey Marine Exploration worth $1,688,000 at the end of the most recent quarter.

Separately, Voisard Asset Management Group Inc. boosted its holdings in shares of Odyssey Marine Exploration by 59.1% during the second quarter. Voisard Asset Management Group Inc. now owns 35,000 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 13,000 shares during the period. 49.96% of the stock is owned by institutional investors.

Insider Activity

In other news, COO John D. Longley, Jr. sold 217,072 shares of the business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $3.72, for a total value of $807,507.84. Following the sale, the chief operating officer owned 150,313 shares of the company’s stock, valued at approximately $559,164.36. The trade was a 59.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

OMEX has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Odyssey Marine Exploration in a research report on Monday. Wall Street Zen cut shares of Odyssey Marine Exploration from a “hold” rating to a “sell” rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Odyssey Marine Exploration currently has an average rating of “Sell”.

Odyssey Marine Exploration Trading Up 3.5%

OMEX stock opened at $2.09 on Thursday. The firm’s 50-day moving average is $2.34 and its two-hundred day moving average is $1.73. The company has a market capitalization of $116.50 million, a price-to-earnings ratio of -2.68 and a beta of -0.86. Odyssey Marine Exploration, Inc. has a 52 week low of $0.27 and a 52 week high of $4.43.

Odyssey Marine Exploration (NASDAQ:OMEX) last posted its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($0.31) EPS for the quarter. Odyssey Marine Exploration had a negative net margin of 6,569.59% and a negative return on equity of 14.85%. The company had revenue of $0.06 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.