Periscope Capital Inc. Buys Shares of 500,000 HCM Acquisition Corp $HCMA

Periscope Capital Inc. bought a new stake in HCM Acquisition Corp (NASDAQ:HCMA – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 500,000 shares of the company’s stock, valued at approximately $5,020,000. HCM Acquisition makes up about 0.6% of Periscope Capital Inc.’s investment portfolio, making the stock its 13th largest position. Periscope Capital Inc. owned about 3.54% of HCM Acquisition at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fort Baker Capital Management LP purchased a new position in HCM Acquisition in the 3rd quarter valued at about $101,000. DLD Asset Management LP purchased a new position in HCM Acquisition in the 3rd quarter valued at about $104,000. ABC Arbitrage SA purchased a new position in HCM Acquisition in the 4th quarter valued at about $201,000. Millennium Management LLC purchased a new position in HCM Acquisition in the 3rd quarter valued at about $202,000. Finally, JPMorgan Chase & Co. purchased a new position in HCM Acquisition in the 3rd quarter valued at about $251,000. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of HCM Acquisition in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Get Our Latest Analysis on HCMA

HCM Acquisition Trading Up 0.2%

Shares of HCMA stock opened at $10.27 on Friday. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49. The firm’s 50-day simple moving average is $10.14 and its 200-day simple moving average is $10.13.

HCM Acquisition (NASDAQ:HCMA – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

HCM Acquisition Profile

(Free Report)

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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