StoneX Group Inc. purchased a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 50,435 shares of the company’s stock, valued at approximately $519,000. StoneX Group Inc. owned about 0.36% of HCM Acquisition at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in HCMA. Rivernorth Capital Management LLC bought a new stake in shares of HCM Acquisition in the 1st quarter worth approximately $2,016,000. Galaxy Digital Inc. purchased a new stake in shares of HCM Acquisition in the 1st quarter valued at $1,008,000. Berkley W R Corp grew its holdings in shares of HCM Acquisition by 34.4% during the 1st quarter. Berkley W R Corp now owns 388,407 shares of the company’s stock valued at $3,915,000 after purchasing an additional 99,480 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of HCM Acquisition during the 1st quarter valued at $541,000. Finally, DLD Asset Management LP grew its holdings in shares of HCM Acquisition by 19.0% during the 1st quarter. DLD Asset Management LP now owns 250,000 shares of the company’s stock valued at $2,520,000 after purchasing an additional 40,000 shares during the last quarter. 11.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of HCM Acquisition in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Research Report on HCMA
HCM Acquisition Price Performance
NASDAQ HCMA opened at $10.35 on Thursday. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.35. The stock has a 50-day moving average of $10.31 and a 200-day moving average of $10.23.
HCM Acquisition (NASDAQ:HCMA – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.
HCM Acquisition Profile
HCM Acquisition Corp. (NASDAQ: HCMA) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transactions could have included a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination. As a SPAC, HCM Acquisition did not operate a commercial business or offer its own products and services before completing a transaction. Instead, its activities centered on raising capital through a public offering, evaluating acquisition opportunities and seeking shareholder approval for a proposed combination.
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