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

Periscope Capital Inc. acquired a new stake in HCM Acquisition Corp (NASDAQ:HCMA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 500,000 shares of the company’s stock, valued at approximately $5,020,000. HCM Acquisition makes up approximately 0.6% of Periscope Capital Inc.’s portfolio, making the stock its 13th biggest position.

Other large investors also recently bought and sold shares of the company. Fort Baker Capital Management LP acquired a new stake in HCM Acquisition in the third quarter valued at approximately $101,000. DLD Asset Management LP acquired a new stake in HCM Acquisition in the third quarter valued at approximately $104,000. ABC Arbitrage SA acquired a new stake in HCM Acquisition in the fourth quarter valued at approximately $201,000. Millennium Management LLC acquired a new stake in HCM Acquisition in the third quarter valued at approximately $202,000. Finally, JPMorgan Chase & Co. acquired a new stake in HCM Acquisition in the third quarter valued at approximately $251,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

Analysts Set New Price Targets

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

HCM Acquisition Trading Up 0.2%

HCM Acquisition stock opened at $10.27 on Friday. The stock has a 50 day moving average of $10.14 and a 200-day moving average of $10.13. HCM Acquisition Corp has a 52 week low of $10.03 and a 52 week high of $10.49.

HCM Acquisition (NASDAQ:HCMA) last released its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter.

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.