MMCAP International Inc. SPC purchased a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $10,040,000. MMCAP International Inc. SPC owned 0.07% of HCM Acquisition as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HCMA. HighTower Advisors LLC purchased a new stake in HCM Acquisition during the 3rd quarter valued at $1,339,000. JPMorgan Chase & Co. purchased a new stake in HCM Acquisition during the 3rd quarter valued at $251,000. Highbridge Capital Management LLC purchased a new stake in HCM Acquisition during the 3rd quarter valued at $10,100,000. Picton Mahoney Asset Management purchased a new stake in HCM Acquisition during the 3rd quarter valued at $5,053,000. Finally, Context Capital Management LLC purchased a new stake in HCM Acquisition during the 3rd quarter valued at $5,052,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.
HCM Acquisition Price Performance
Shares of HCMA opened at $10.24 on Wednesday. The firm has a fifty day simple moving average of $10.13 and a two-hundred day simple moving average of $10.13. HCM Acquisition Corp has a twelve month low of $10.03 and a twelve month high of $10.49.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e)” rating on shares of HCM Acquisition in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, HCM Acquisition presently has an average rating of “Sell”.
View Our Latest Stock Report on HCM Acquisition
HCM Acquisition Company Profile
HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.
The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.
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