Foundations Investment Advisors LLC Invests $542,000 in Odyssey Marine Exploration, Inc. $OMEX

Foundations Investment Advisors LLC bought a new stake in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 277,750 shares of the business services provider’s stock, valued at approximately $542,000. Foundations Investment Advisors LLC owned about 0.61% of Odyssey Marine Exploration at the end of the most recent reporting period.

Separately, Voisard Asset Management Group Inc. grew its position in 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 in the last quarter. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Odyssey Marine Exploration Stock Performance

Shares of OMEX stock opened at $1.89 on Tuesday. The firm has a market cap of $105.35 million, a price-to-earnings ratio of -2.42 and a beta of -0.84. Odyssey Marine Exploration, Inc. has a 52 week low of $0.27 and a 52 week high of $4.43. The firm’s 50-day simple moving average is $2.14 and its two-hundred day simple moving average is $2.05.

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

Analysts Set New Price Targets

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

Odyssey Marine Exploration 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.