SLT Holdings LLC Makes New Investment in Odyssey Marine Exploration, Inc. $OMEX

SLT Holdings LLC purchased a new stake in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 277,750 shares of the business services provider’s stock, valued at approximately $542,000. SLT Holdings LLC owned approximately 0.61% of Odyssey Marine Exploration at the end of the most recent quarter.

Separately, Voisard Asset Management Group Inc. increased its position in Odyssey Marine Exploration by 59.1% during the 2nd quarter. Voisard Asset Management Group Inc. now owns 35,000 shares of the business services provider’s stock worth $41,000 after purchasing an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Insider Transactions at Odyssey Marine Exploration

In other news, COO John D. Longley, Jr. sold 217,072 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $3.72, for a total transaction of $807,507.84. Following the completion of the transaction, the chief operating officer owned 150,313 shares of the company’s stock, valued at approximately $559,164.36. This trade represents a 59.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

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

Odyssey Marine Exploration Trading Down 0.9%

Shares of OMEX stock opened at $2.24 on Thursday. The firm has a market capitalization of $124.86 million, a price-to-earnings ratio of -2.87 and a beta of -0.86. The business’s 50-day moving average price is $2.06 and its 200-day moving average price is $1.94. Odyssey Marine Exploration, Inc. has a 12 month low of $0.27 and a 12 month high of $4.43.

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

Odyssey Marine Exploration Company Profile

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.