Jefferies Financial Group Inc. Makes New Investment in Odyssey Marine Exploration, Inc. $OMEX

Jefferies Financial Group Inc. acquired a new position in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 400,000 shares of the business services provider’s stock, valued at approximately $780,000. Jefferies Financial Group Inc. owned approximately 0.89% of Odyssey Marine Exploration as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Voisard Asset Management Group Inc. lifted its holdings in shares of Odyssey Marine Exploration by 20.9% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 42,300 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 7,300 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in Odyssey Marine Exploration in the 3rd quarter valued at $542,000. SLT Holdings LLC purchased a new position in Odyssey Marine Exploration in the third quarter valued at about $542,000. Finally, Old West Investment Management LLC purchased a new position in Odyssey Marine Exploration in the third quarter valued at about $7,170,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 MarketBeat.com, the company presently has a consensus rating of “Sell”.

Odyssey Marine Exploration Trading Down 4.8%

NASDAQ OMEX opened at $1.57 on Friday. The stock has a market cap of $87.51 million, a P/E ratio of -2.01 and a beta of -0.78. The company’s fifty day simple moving average is $1.85 and its 200-day simple moving average is $2.06. Odyssey Marine Exploration, Inc. has a 52 week low of $0.27 and a 52 week high of $4.43.

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.