Berkley W R Corp Makes New $2.68 Million Investment in HCM Acquisition Corp $HCMA

Berkley W R Corp acquired a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 265,299 shares of the company’s stock, valued at approximately $2,681,000.

Several other hedge funds also recently modified their holdings of the stock. Fort Baker Capital Management LP acquired a new stake in shares of HCM Acquisition in the third quarter valued at about $101,000. DLD Asset Management LP acquired a new position in HCM Acquisition during the third quarter valued at approximately $104,000. JPMorgan Chase & Co. acquired a new position in HCM Acquisition during the third quarter valued at approximately $251,000. Ghisallo Capital Management LLC bought a new position in HCM Acquisition in the third quarter valued at approximately $252,000. Finally, Davidson Kempner Capital Management LP bought a new position in HCM Acquisition in the third quarter valued at approximately $253,000. Institutional investors own 11.79% of the company’s stock.

HCM Acquisition Price Performance

Shares of HCMA opened at $10.12 on Friday. The firm has a 50-day moving average of $10.14 and a 200-day moving average of $9.45. HCM Acquisition Corp has a one year low of $10.03 and a one year high of $10.49.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of HCM Acquisition in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.