Linden Advisors LP Acquires New Holdings in HCM Acquisition Corp $HCMA

Linden Advisors LP acquired a new position in HCM Acquisition Corp (NASDAQ:HCMA) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $10,100,000. Linden Advisors LP owned 0.07% of HCM Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highbridge Capital Management LLC bought a new stake in shares of HCM Acquisition during the 3rd quarter worth about $10,100,000. Wolverine Asset Management LLC acquired a new stake in shares of HCM Acquisition in the 3rd quarter worth approximately $4,131,000. Context Capital Management LLC bought a new position in shares of HCM Acquisition in the third quarter valued at approximately $5,052,000. Berkley W R Corp bought a new position in shares of HCM Acquisition in the third quarter valued at approximately $2,681,000. Finally, HighTower Advisors LLC acquired a new position in shares of HCM Acquisition during the third quarter valued at approximately $1,339,000. Institutional investors own 11.79% of the company’s stock.

HCM Acquisition Stock Down 0.1%

Shares of HCMA stock opened at $10.11 on Tuesday. The stock has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $9.50. HCM Acquisition Corp has a fifty-two week low of $10.03 and a fifty-two week high of $10.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, HCM Acquisition has a consensus rating of “Sell”.

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.