100,000 Shares in HCM Acquisition Corp $HCMA Acquired by Galaxy Digital Inc.

Galaxy Digital Inc. purchased a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the first quarter, Holdings Channel reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,008,000.

A number of other institutional investors also recently bought and sold shares of HCMA. PenderFund Capital Management Ltd. acquired a new stake in HCM Acquisition during the 4th quarter valued at approximately $72,000. Fort Baker Capital Management LP acquired a new stake in shares of HCM Acquisition in the third quarter worth $101,000. ABC Arbitrage SA purchased a new position in shares of HCM Acquisition during the fourth quarter worth $201,000. Millennium Management LLC acquired a new position in HCM Acquisition during the third quarter valued at $202,000. Finally, JPMorgan Chase & Co. acquired a new position in HCM Acquisition during the third quarter valued at $251,000. 11.79% of the stock is owned by hedge funds and other institutional investors.

HCM Acquisition Stock Up 0.3%

HCM Acquisition stock opened at $10.31 on Friday. The business’s 50-day moving average price is $10.27 and its 200 day moving average price is $10.18. HCM Acquisition Corp has a 52 week low of $10.03 and a 52 week high of $10.49.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.