Context Capital Management LLC Makes New $5.05 Million Investment in HCM Acquisition Corp $HCMA

Context Capital Management LLC bought a new stake in HCM Acquisition Corp (NASDAQ:HCMA) during the 3rd quarter, HoldingsChannel reports. The fund bought 500,000 shares of the company’s stock, valued at approximately $5,052,000.

A number of other large investors have also recently made changes to their positions in HCMA. JPMorgan Chase & Co. bought a new position in HCM Acquisition during the 3rd quarter valued at about $251,000. HighTower Advisors LLC bought a new position in shares of HCM Acquisition during the third quarter valued at approximately $1,339,000. Wolverine Asset Management LLC purchased a new stake in shares of HCM Acquisition in the third quarter worth approximately $4,131,000. Picton Mahoney Asset Management bought a new stake in shares of HCM Acquisition during the 3rd quarter worth approximately $5,053,000. Finally, Highbridge Capital Management LLC purchased a new position in HCM Acquisition during the 3rd quarter valued at $10,100,000. 11.79% of the stock is owned by hedge funds and other institutional investors.

HCM Acquisition Stock Down 0.2%

NASDAQ:HCMA opened at $10.13 on Wednesday. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49. The company has a 50-day moving average of $10.13 and a 200 day moving average of $9.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of HCM Acquisition in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, HCM Acquisition has a consensus rating of “Sell”.

HCM Acquisition 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.