HCM Acquisition (NASDAQ:HCMA – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.
HCM Acquisition Stock Performance
HCMA traded down $0.01 during trading on Friday, reaching $10.15. The stock had a trading volume of 300 shares, compared to its average volume of 40,707. HCM Acquisition has a 1-year low of $10.03 and a 1-year high of $10.49. The stock has a 50 day moving average of $10.12 and a two-hundred day moving average of $10.14.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e)” rating on shares of HCM Acquisition in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Institutional Investors Weigh In On HCM Acquisition
Institutional investors have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. acquired a new stake in HCM Acquisition in the fourth quarter worth approximately $72,000. Fort Baker Capital Management LP acquired a new stake in shares of HCM Acquisition during the 3rd quarter valued at $101,000. DLD Asset Management LP acquired a new stake in shares of HCM Acquisition during the 3rd quarter valued at $104,000. ABC Arbitrage SA acquired a new stake in shares of HCM Acquisition during the 4th quarter valued at $201,000. Finally, Millennium Management LLC acquired a new stake in shares of HCM Acquisition during the 3rd quarter valued at $202,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.
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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