Readystate Asset Management LP Purchases New Holdings in HCM Acquisition Corp $HCMA

Readystate Asset Management LP acquired a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 53,603 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meteora Capital LLC bought a new position in shares of HCM Acquisition during the third quarter valued at approximately $16,587,000. Verition Fund Management LLC bought a new stake in shares of HCM Acquisition in the 3rd quarter worth approximately $11,617,000. MMCAP International Inc. SPC bought a new stake in shares of HCM Acquisition in the 4th quarter worth approximately $10,040,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of HCM Acquisition in the 3rd quarter worth approximately $10,105,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of HCM Acquisition in the 4th quarter worth approximately $10,060,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

Analyst Ratings Changes

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

HCM Acquisition Stock Performance

Shares of NASDAQ HCMA opened at $10.30 on Thursday. HCM Acquisition Corp has a twelve month low of $10.03 and a twelve month high of $10.49. The company has a 50 day moving average of $10.28 and a 200 day moving average of $10.18.

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

About HCM Acquisition

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.